CoinVoice has learned that, according to The Block, Ark Invest, the investment company led by Cathie Wood, sold 218,986 shares of Coinbase (COIN) stock on Monday through its three ETF funds, valued at $90.58 million.

On the same day, Ark also reduced its holdings of Robinhood stock valued at $11.46 million and Block stock valued at $7 million. Ark's investment strategy limits the holding of a single stock to no more than 10% of the fund's portfolio to maintain investment diversification. [Original link]