Cathie Wood's Bold Crypto Exchange Stock Sell-Of

Cathie Wood's Bold Crypto Exchange Stock Sell-Of



This week, Cathie Wood's Ark Invest made notable changes to its investment portfolio, particularly by selling off large amounts of shares from leading cryptocurrency exchanges. The company significantly reduced its holdings in Coinbase Global Inc (NASDAQ: COIN) and Robinhood Markets Inc (NASDAQ: HOOD). This strategic move occurred during a period of growth in the digital asset market, which has been influencing cryptocurrency company stocks.



Starting on Monday, February 26, Ark Invest began its series of sales by disposing of 35,509 shares of Coinbase, totaling $6.9 million in value. Even though Coinbase's stock price jumped to $193.94, an increase of 16.85% on the same day, Ark Invest continued with its plan.



The selling spree extended into Tuesday, February 27, with the firm letting go of another 46,531 shares of Coinbase, this


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#Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

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