Data: Ark Invest sold $69 million worth of Coinbase stock yesterday

ChainCatcher news, according to The Block, Ark Invest, led by Cathie Wood, sold 270,365 shares of Coinbase stock on Monday, worth approximately $68.7 million. This sale involved three exchange-traded funds (ETFs) under Ark Invest, including the Innovation ETF which sold 171,154 shares ($43.5 million), the Next Generation Internet ETF which sold 23,330 shares ($5.9 million), and the Fintech Innovation ETF which sold 75,881 shares ($1.93 million). This is the largest single-day sale by Ark Invest, continuing to adjust its fund allocations after selling $150 million worth of Coinbase stock last week.

It is reported that Coinbase's stock price has risen 10% over the past week, reaching its highest level since December 2021, although the stock price is still 26% lower than the all-time high of $342.98 reached in November 2021.