Cathie Wood Dumps $75M Coinbase Shares Amid SEC Probe

Cathie Wood’s fund management firm Ark Invest has let go of 1.4M of its Coinbase shares. News of this emerged via the firm’s daily trade data release earlier today. Wood Offloads 1.4M Shares Ark is Coinbase’s third-biggest shareholder with COIN holdings nearing 9 million as of late last month. A Bloomberg release revealed that with this liquidation the company conducted its first COIN dump this year. Ark sold the shares in a $75M deal involving 3 of its operational exchange-traded…