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Cathie Wood’s Ark Invest Sells $53 Million In Coinbase Shares, Buys Meta and Robinhood

Cathie Wood's Ark Invest has sold some of its Coinbase shares as the stock price hit a yearly high, marking the second time this week that the firm has offloaded some of its holdings. The sale amounted to 478,356 shares worth $53 million. Meanwhile, Ark Invest has purchased shares in Meta Platforms and Robinhood Markets.

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