Cathie Wood’s ARK Invest sells $4.2 million more in COIN stock

A rebound in Coinbase stock, whose price rose more than 130% in the last three months of 2023, has pushed the ARK Innovation ETF (ARKK)’s weighting above its target maximum weight of 10%. It still constitutes 10.34% of ARKK, which holds a stake worth over $872.5 million.