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Cathie Wood's Ark Invest has made headlines once again as it continues to divest Coinbase shares, shedding another $27.2 million worth of COIN on Tuesday, according to the investment firm's latest trading filing. 
<h2 id="cathie-wood-s-ark-invest-continues-coinbase-selling-spree">Cathie Wood's Ark Invest Continues Coinbase Selling Spree</h2> 
The famous investment firm, led by Cathie Wood, sold 106,000 Coinbase shares across three exchange-traded funds (ETFs). 
This latest move comes on the heels of a $69 million sale on Monday, bringing Ark's total Coinbase divestiture this week to nearly $100 million. 
Coinbase's decision to rebalance fund weightings amid a sustained rise in its stock price is seen as a strategic move by Ark. 
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-etfs-break-another-first-record-money-inflow-in-a-single-day/" target="_blank" rel="dofollow">Bitcoin ETFs Break Another First! Record Money Inflow in a Single Day!</a> 
In Tuesday's trading, Ark Invest held 66,387 shares of its Innovation ETF (ARKK) ($17.1 million), 9,123 shares of its Next Generation Internet ETF (ARKW) ($2.3 million) and its Fintech Innovation ETF (ARKF). It issued 30,490 shares ($7.8 million). 
Ark's investment strategy emphasizes maintaining diversity within its funds, with no individual holding allowed to exceed 10% of an ETF portfolio. 
However, despite the recent sell-off, Coinbase remains the largest holding in the ARKK, ARKW, and ARKF ETFs, with their current weights standing at 10.9%, 12.1%, and 12.4%, respectively. 
At current prices, ARKK's Coinbase holdings have a market cap of $852 million, while ARKW and ARKF's COIN weights are worth $211 million and $143 million, respectively. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/investment-company-ark-invest-continues-coinbase-share-sales-while-bitcoin-makes-ath/">Investment Company ARK Invest Continues Coinbase Share Sales While Bitcoin Makes ATH!</a>

Investment Company ARK Invest Continues Coinbase Share Sales While Bitcoin Makes ATH!

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