ARK Invest Cashes Out: Dumps $8.64M in Coinbase Shares as Crypto Exchange Hits All-Time High

ARK Invest just made its move—right as Coinbase stock peaked. The Cathie Wood-led fund unloaded $8.64 million worth of shares in the crypto giant, timing the exit near record highs. Smart profit-taking or premature cold feet? Wall Street’s still debating whether this is a tactical retreat or a bearish signal.

Coinbase’s rally defied skeptics—until now. After riding the crypto wave to dizzying valuations, even its biggest backers are locking in gains. The exchange’s stock surge mirrored Bitcoin’s resurgence, but ARK’s sell-off hints at a reality check. ‘Buy the rumor, sell the news’—or just another day in volatile crypto markets?

One thing’s clear: when the ‘smart money’ starts cashing chips, retail traders notice. Whether this sparks a sell-off or just a blip depends on who’s left holding the bag. Classic finance—where ‘long-term conviction’ often means ‘until the next quarterly report.’