Cathie Wood's ARK Invest reduced its holdings of Coinbase stock by 72,242 shares this week, worth over $12 million. Coinbase (COIN) stock fell 12.26% this week. On Friday, COIN closed down 2.88% at $165.98 and fell another 0.59% after hours. Despite being bullish on the future of artificial intelligence (AI), ARK Invest reduced its holdings of Nvidia stock again this week. On February 22nd, ARKW sold 5,067 shares of Nvidia stock worth $4 million. Nvidia (NVDA) stock rose 6.41% this week, closing at $788.17 on Friday. In addition, on February 20th, ARKW and ARKF sold 190,413 shares and 104,669 shares of Robinhood stock (HOOD), respectively. On February 22nd, ARK also reduced its holdings of HOOD by 37,312 shares. HOOD's price rose 8.46% this week. On Friday, Robinhood's stock closed up 3.65% at $14.48 and rose another 1.17% after hours. (CoinGape)
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ARK Invest reduced its Coinbase holdings by more than $12 million this week
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