Coinbase Stock Tumbles as Cathie Wood Sells Some Shares

Coinbase Stock Tumbles as Cathie Wood Sells Some Shares
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Given the amount of stocks that are down today, Coinbase is likely simply sinking with the entire stock market ship today. As of 11 a.m. ET, Coinbase stock was down 7%. According to Cathie's Ark (a website that's not affiliated with Ark Invest) the Ark Innovation ETF sold a little more than 170,000 shares of Coinbase yesterday.

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