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Cathie Wood Dumps Coinbase for the First Time in Nearly a Year

Cathie Wood's Ark Investment Management LLC has reduced its holding of Coinbase Global Inc. for the first time in almost a year on Tuesday.

According to data compiled by Bloomberg from Ark Investment Management LLC, Wood's flagship Ark Innovation ETF sold 135,152 shares of the cryptocurrency exchange operator on Tuesday, marking its first sale of the stock since July 26 of last year.

Cathie Wood
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