Ark Invest sold $6.5 million of Coinbase shares and $5.8 million of Robinhood shares yesterday

Odaily Planet Daily News Cathie Wood's Ark Invest reduced its holdings of Coinbase shares worth $6.5 million and Robinhood shares worth $5.8 million on July 10. The reduction came as the cryptocurrency market rose, with Bitcoin hitting a record high of $118,000 today. In addition, the fund also sold 24,780 shares of Block, which is worth about $1.7 million based on the stock's closing price. (The Block)