Cathie Wood’s Ark Invest sold an additional 26,743 shares of Coinbase Global Inc. on Thursday, valued at $4.1 million, only one day after offloading $25.3 million worth of Coinbase shares.
According to its daily trading declaration, Ark Invest kept selling Coinbase through its ARK Innovation ETF on Thursday. That same day, the ETF purchased 132,955 shares of Recursion Pharmaceuticals, for a total estimated value of $1.48 million.
Over the last two weeks, the company’s ETFs have sold off more than $200 million worth of Coinbase shares. Following other cryptocurrency exchanges, Coinbase began asking its UK users to complete a risk acknowledgement form this week under directives from the country’s financial authority.
Also Read: Cathie Wood Expects Spot BTC ETF Approval As ‘Sell on News’
