We don't factually know what happened behind the curtains... There are no right or wrong decisions on the part of Cathie Woods. This could be part of her midterm, broader portfolio adjustment/investment strategy to limit & reduce volatility risk exposures to the broader crypto market which is highly unpredictable and extremely volatile.
Maybe Ark Invest want to reduce its overall exposure and volatility risks to cryptocurrencies.
Maybe Woods have identified other investment opportunities and want to quickly reallocate her firm's funds to capitalize on alternative Investment windows saucy as the Fabulous Four or TSLA ( these are always much more profitable and attractive than holding onto Coinbase shares per se).
Cathie Wood's Ark Invest Sheds $6.4M Worth Of Coinbase Shares
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