Storied stock-picker offloads shares in the crypto exchange as markets eagerly await its next moves on a bitcoin ETF

Crypto

Cathie Wood’s flagship fund has sold shares in Coinbase as the cryptocurrency exchange’s stock price runs up on excitement over its role in the proposed launch of a bitcoin exchange-traded fund.

The ARK Innovation ETF sold 132,152 shares of Coinbase, according to an emailed trade notification on 11 July.

Cathie Wood’s ARK sells down Coinbase stake as bitcoin ETF hopes drive rally

Adam Clark

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https://images.fnlondon.com/im-88462949?size=1.5

Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

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