Its largest weighing of Coinbase stock is in its Innovation ETF (ARKK), which holds over $850 million worth of COIN. The latest offload brings its weighting down to 10.04%, suggesting the sales from ARKK could be coming to an end, notwithstanding another pump in Coinbase’s share price.
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- Source: https://www.coindesk.com/business/2024/01/08/arks-etf-rebalancing-continues-with-206m-coinbase-sale/?utm_medium=referral&utm_source=rss&utm_campaign=headlines