AArk Invest’s trading data for July 25 shows that it sold over 1.41 million Coinbase Global Inc shares due to poor stock performance amid the bear market and an ongoing investigation by the SEC.Coinbase shares closed at $52.93 on July 25, after three Ark funds sold off part of their portfolio. ARK Innovation ETF (AARK) sold 1,133,495 shares, ARK Next Generation Internet ETF (ARKW) sold 174,611 shares, while ARK Fintech Innovation ETF (ARKF) sold 110,218 shares. A total of 1418324 Coibase shares were sold — representing 2.04% of its investment in the exchange.
Cathie Wood’s ARK Invest sells 75M worth of Coinbase shares due to poor performance
