Here’s why Cathie Wood’s Ark dumps Coinbase stock just as it’s rising

Cathie Wood’s Ark Invest sold $12 million worth of Coinbase shares this week.
The asset manager’s sales are closely watched, but left some scratching their heads.

Wood’s latest sale, on Tuesday, of just over 135,000 shares raised questions. Namely, why did Wood and several Coinbase executives all sell shares in the past week, just as the stock rallied? Does she know something we don’t?

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