ARK Invest sells Coinbase shares worth $90.58M

ARK Invest, led by Cathie Wood, sold 218,986 shares of Coinbase, the largest U.S.-based cryptocurrency exchange, worth $90.58 million across three of its exchange-traded funds (ETFs) on July 21. According to The Block, the firm also reduced its positions in Robinhood, a crypto trading platform, and Block Inc., a digital payments company formerly known as Square.