ARK’s ETF Rebalancing Continues With $20.6M Coinbase (COIN) Sale

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.