ARK Funds Continue to Divest Millions from Tesla and Coinbase Stocks
TL;DR
Cathie Wood's ARK Investment funds have continued to sell shares of Coinbase and Tesla, with the ARK Fintech Innovation ETF, ARK Innovation ETF, and ARK Next Generation Internet ETF all offloading significant amounts of these stocks. The sales amounted to $26.3 million for Coinbase and $13.1 million for Tesla. ARK also purchased shares of Meta Platforms, Robinhood Markets, SoFi Technologies, and Twilio within various ETFs.
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