10M
...
Cathie Wood’s Ark Investment Management has continued to trim some high-profile stocks, including some with links to the cryptocurrency space. This trend continued on Monday.
Crypto-Linked Stock Sales: Ark sold shares of cryptocurrency exchange Coinbase Global, Inc. COIN, trading platform Robinhood Markets, Inc. HOOD, and Jack Dorsey‘s payment processing firm Block, Inc. SQ.
Robinhood allows cryptocurrency trading on its platform. Block’s subsidiary, Spiral, offers Bitkey, a self-custody crypto hardware wallet that allows investors to manage and store their Bitcoin outside of exchanges.
Details of the transactions are as follows:
Coinbase: 74,291 shares ($20.78… Read more on Benzinga