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Under the management of Cathie Wood, Ark Invest added another sale to its Coinbase (COIN) shares this week.

Ark Invest sold an additional 204,469 Coinbase shares worth $48.8 million on Wednesday, March 6th. The company has sold over $100 million worth of Coinbase shares since the beginning of the week.

The $41 million part of the shares sold on Wednesday was through the Innovation ETF, the $3.2 million part was through the Next Generation Internet ETF, and the $4 million part was through the Fintech Innovation ETF.

Ark Invest’s sales have accelerated parallel to the rise in Coinbase shares. According to their portfolio management policy, each share must not exceed a certain percentage of total investments, and the increase in COIN’s value is causing Ark Invest to regularly sell.

According to TradingView data, COIN, unaffected by Ark Invest’s sales, closed Wednesday with a 9.8% increase.

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