Ark Invest sells more Coinbase shares, eyes Meta platforms, Robinhood

Source: ARK Trading desk.In the transactions, Cathie Woods flagship fund ARK Innovation ETF (ARKK) divested 263,247 COIN shares, ARK Next Generation Internet ETF (ARKW) sold 93,227 COIN shares, and ARK Fintech Innovation ETF (ARKF) offloaded 35,666 COIN shares.In June, Cathie Wood started the purchase of Meta Platforms shares after the business revealed the launch of “Threads,” a social media app similar to Twitter. ARK Innovation ETF (ARKK) obtained 69,793 META shares, while ARK Fintech Innovation ETF (ARKF) bought 111,843 shares of Robinhood. In addition to the total upswing in crypto-related stocks, Coinbase witnessed a significant increase following the summary judgment in the United States SEC v. Ripple lawsuit.Related: Allowing Coinbase to go public was not a true blessing from regulators– SECCathie Woods ARK Innovation ETF (ARKK) offered 135,152 Coinbase (COIN) shares worth $12 million on July 11 and ARK Fintech Innovation ETF (ARKF) offered 160,887 Coinbase (COIN) shares in March.Magazine: How clever individuals invest in dumb memecoins: 3-point plan for success