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Over the past week, Ark Invest sold 93,435 shares of Coinbase (COIN). The shares were worth around $16 million and were sold across three exchange-traded funds (ETFs). Ark sold 54,307 shares worth $9 million from the Innovation ETF (ARKK), 28,222 worth $4.7 million from the Next Generation Internet ETF (ARKW) and 13,906 shares worth $2.3 million from the Fintech Innovation ETF (ARKF). The sale comes after a surprising earnings beat from Coinbase in its fourth-quarter earnings release. The compan

ARK sold $34.3 million of shares in the crypto exchange, which is due to report earnings after the U.S. market closes.

ARK Invest, the investment firm led by Cathie Wood, has made significant adjustments to its cryptocurrency portfolio in recent weeks, selling shares of the Bitcoin Futures ETF.

ARKB, on its eighth day of trading, the fund experienced a notable inflow of $110.5 million, further solidifying its position as an attractive investment vehicle in the Bitcoin ETF landscape.

Cathie Wood’s ARK Invest has maintained its strategic investment approach by accumulating shares of its Ark 21Shares Spot Bitcoin ETF (ARKB) for inclusion in…