**ARK Invest Sells Coinbase Shares Amid Bitcoin's Struggles**

ARK Invest, led by Cathie Wood, has resumed selling its Coinbase (COIN) shares as Bitcoin (BTC) fails to retest the $70,000 mark. On July 31, ARK's Next Generation Internet ETF offloaded 12,077 COIN shares, valued at $2.7 million, with COIN closing at $224.

This follows a recent sale of 16,758 COIN shares on July 19, netting $4.3 million. ARK's selling spree began in May, with significant sales occurring as Bitcoin struggled to maintain its highs. COIN and BTC have shown similar returns over the past year, surging 134% and 123%, respectively.