Cathie Wood's #Ark Invest sells $5.3 million Coinbase shares, buys $1.2 million Robinhood

Ark Invest sold 43,956 Coinbase shares on Monday —

worth around $5.3 million — as the value of the crypto exchange’s stock reached the highest level in 18 months.

Ark also bought 143,063 shares of Robinhood ($1.2 million) for its Ark Fintech Innovation ETF.

Cathie Wood’s Ark Invest sold more Coinbase

shares on Monday, offloading 43,956 COIN ($5.3 million) as the value of the crypto exchange’s stock reached the highest level in 18 months.

Ark also bought 143,063 shares of Robinhood,

worth around $1.2 million, for its Ark Fintech Innovation ETF, according to the company’s latest trade filing. That is in addition to the 93,297 ($780,000) Robinhood shares Ark added to its ARK Next Generation Internet fund on Friday.

Coinbase stock currently trades at $120.69 in

pre-market trading, up more than 50% this month and 228% year-to-date, to reach the highest level since April 2022, according to TradingView. However, the stock is still down around 65% from an all-time high of $342.98 during the peak crypto bull market of November 2021.