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TechFlow news, July 22 — According to The Block, Ark Invest, the investment firm led by Cathie Wood, sold 218,986 shares of Coinbase (COIN) worth $90.58 million on Monday through its three ETF funds.
On the same day, Ark also reduced its holdings in Robinhood by $11.46 million and Block by $7 million. Ark's investment strategy limits any single stock holding to no more than 10% of the fund portfolio to maintain diversified investments.
According to The Block, Cathie Wood's investment firm Ark Invest sold 218,986 shares of Coinbase (COIN) worth $90.58 million on Monday through its three ETF funds. On the same day, Ark also reduced its holdings in Robinhood by $11.46 million and Block by $7 million. Ark employs an investment strategy that limits individual stock holdings to no more than 10% of a fund's portfolio to maintain diversification.
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