Ark Invest sold over 1.4 million Coinbase shares – more than 1.1 million from its flagship Ark Innovation ETF and the remainder from its fintech innovation and next generation internet ETFs. The shares were worth almost $75 million, based on the price at close on Tuesday. Wood had been bullish on Coinbase, snapping up almost 4.5 million shares following the exchange's public listing in April 2021.