🔥 ARK invest has continuously sold Coinbase shares in recent weeks. The biggest sale, which took place last Friday, was the biggest since July, when they sold 480,000 shares worth $50.5 million.

ARK applies a target weight to its ETFs. The weight of each component investment does not fall below 2% of the fund's value and does not exceed 10%.

The recent rally in Coinbase stock, which has reached a high since April 2022, means its weighting in the funds has gone well beyond 10% so the decision to sell is not too unusual according to How the fund works.$BTC $ETH #BinanceSquare #BinanceBlockchainWeek