Cathie Wood’s investment management firm Ark Invest is on a selling spree for Coinbase (COIN), Nvidia (NVDA), and Robinhood (HOOD) shares, despite better-than-expected earnings. Prices of all three stocks have surged over 30% in a month.
Cathie Wood’s Ark Invest Continues Selling Coinbase Shares
Cathie Wood’s Ark Invest sold a total of 72,242 Coinbase shares worth over $12 million, as per trades seen by CoinGape. The Coinbase shares selloff this week are as follows:
On Feb 22, ARK Innovation ETF (ARKK) sold 2,828 Coinbase shares. After its better-than-expected earnings report, Ark Invest funds offloaded $31 million worth of COIN shares as the price hit a 2-year high of $190.
On Feb 21, ARK Innovation ETF (ARKK) sold 31,747 Coinbase shares and Ark Fintech Innovation ETF (ARKF) offloaded 8,936 COIN shares.
On Feb 20, ARK Innovation ETF (ARKK) sold 19,732 Coinbase…
