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ARK Invest sells more Coinbase shares, eyes Meta platforms, Robinhood

Published 07/15/2023, 06:50 AM
Updated 07/16/2023, 09:00 AM
© Reuters.
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As Coinbase (NASDAQ:COIN) stock reaches a 52-week high, ARK Invest — the investment management firm led by Bitcoin (BTC) bull Cathie Wood — has recently sold more of its shares in the crypto exchange.

Following ARK Invest’s significant acquisition of Coinbase shares during the bear market, the investment firm has sold off a portion of its Coinbase holdings for the second time this week. Meanwhile, Wood’s firm is actively investing in Meta Platforms and Robinhood (NASDAQ:HOOD) Markets shares.

Screenshot of ARK Invest trading notification. Source: ARK Trading desk.

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Cathies been wrong short term but long term her moves have been profitable
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