Cathie Wood, through Ark Invest, has once again made notable movements in the market. He recently dumped more than 237,000 Coinbase shares, worth about $33 million. These sales are in addition to previous transactions, totaling almost $50 million in the last two weeks. Interestingly, these moves coincide with the impressive rally in Coinbase shares, which have seen a 300% increase so far this year, reaching $142.
Not only did it limit itself to divesting from Coinbase, but it also sold shares of Grayscale's BTC investment fund. However, Cathie Wood did not completely withdraw from the market, as she acquired a modest amount of shares of the Robinhood exchange.
The investor has been active in its daily operations, highlighting its dynamic strategy in portfolio management. These sell and buy decisions suggest continued adaptation to market conditions. Amid these changes, the focus is on how Cathie Wood's investment decisions will evolve in response to volatility and emerging financial market trends.
