Fresh Cryptocurrency and Blockchain News! 🚀

ARK Invest, led by Cathie Wood, sold 1.4 million Robinhood shares for $36.4 million. This sale is due to Robinhood stock reaching 5% of the total portfolio weight, complying with the 12d3-1 rule.

🔹 Robinhood is up more than 100% so far this year.

🔹 ARK holds $274 million in Robinhood and $368 million in Coinbase.

What do you think about these ARK strategies? Leave us your comments!