ARK Invest changes the game: from #Coinbase to #Meta and Robinhood

ARK Invest, the investment management firm led by #Bitcoin enthusiast Cathie Wood, is navigating the #criptomonedas market with agility. The firm has been actively selling its shares in Coinbase, the cryptocurrency exchange, while increasing its investments in Meta Platforms and Robinhood.

With Coinbase shares hitting a 52-week high, ARK Invest has taken the opportunity to sell a significant portion of its holdings in the cryptocurrency exchange.

The transactions show that on July 14, ARK Invest sold a total of 478,356 Coinbase shares, valued at $53 million. This sale coincides with the peak of Coinbase's stock price.

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