ARK Invest sold $17 million worth of Coinbase shares.

ARK Invest made a sale of 17.4 million dollars worth of Coinbase (COIN) shares on a day when the cryptocurrency markets experienced a downturn. On the same day, they purchased around 18 million dollars worth of Bullish (BLSH) shares.

Generally, ARK Invest prefers to buy large quantities of shares from crypto-related companies when prices are low. However, the decision to sell shares in a significant crypto holding like Coinbase is a more rare occurrence.