Cathie Wood's Ark Invest Offloads $52 Mln Coinbase & Robinhood Shares In A Week

Cathie Wood’s Ark Invest made significant adjustments to its portfolio this week, notably divesting shares of major crypto exchanges. The firm offloaded a massive stake in Coinbase Global Inc (NASDAQ: COIN) and Robinhood Markets Inc (NASDAQ: HOOD) this week. The move comes amid a rally in the digital asset market and its impact on the crypto firm stocks.