Cathie Wood’s ARK Invest Sells Another $4.2M of COIN Stock

Coinbase stock’s rally in the last 3 months of 2023, which saw the price increase by over 130%, took its weighting in ARK’s Innovation ETF (ARKK) above the targeted maximum weighting of 10%. It still constitutes a 10.34% weighting of ARKK, a stake worth more than $872.5 million.