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Ark Invest sold off $6.5 million in Coinbase stock and $5.8 million in Robinhood stock yesterday.
PANews July 11 news, according to The Block report, Ark Invest, led by Cathie Wood, reduced its holdings of Coinbase stock worth $6.5 million and Robinhood stock worth $5.8 million on July 10. This reduction comes as the Crypto Assets market is experiencing a pump, with Bitcoin reaching an all-time high of $118,000 today. In addition, the fund sold 24,780 shares of Block Inc. stock, valued at approximately $1.7 million based on the Closing Price.