Ark Invest sold $12 million worth of Coinbase shares yesterday

according to CoinDesk, Cathie Wood's investment firm Ark Invest reduced its holdings in several crypto-related stocks on Thursday, including approximately $12 million worth of Coinbase (COIN) shares (a total of 30,501 shares) and about $1.1 million worth of Robinhood (HOOD) shares (11,262 shares). Additionally, Ark sold approximately $10 million of Block Inc (123,169 shares) and $1.1 million of its own Bitcoin spot ETF (ARKB, 28,906 shares).

It is worth noting that Ark Invest just invested $116 million in the Ethereum asset management company Bitmine Immersion Technologies (BMNR), backed by Peter Thiel, last week, indicating that it is continuously adjusting its investment layout in the crypto sector.