📉 Ark Invest, led by Cathie Wood, has cut down its Coinbase (COIN) holdings once again, selling 70,616 shares worth $15.1M across three of its ETFs. 🤔

Despite Coinbase's positive Q1 earnings report, Ark Invest's move seems to be a strategic decision to limit exposure to any single stock in its ETF portfolio to no more than 10% - a smart way to ensure a diversified portfolio. 🎯

Coinbase still holds strong positions in Ark's ETFs, ranking third in ARKK (8.2%), fourth in ARKW (8.2%), and leading in ARKF with a 10.4% weight.🥇

What do you think about this move by Ark Invest? Is it a smart strategy or a missed opportunity? Let's chat below! 👇 #ArkInvest #Coinbase #ETFs