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International Business Times
International Business Times
Business
Nica Osorio

ARK Invest Continues COIN, Robinhood Sell-off As Spot Bitcoin ETF Decision Looms

COIN Ark Invest Bitcoin ARK ETF Robinhood HOOD Tesla Inc. Cathie Wood Coinbase

ARK Invest, the investment firm founded by Bitcoin advocate Cathie Wood, continued divesting its shares in Coinbase (COIN) and Robinhood (HOOD) in anticipation of the impending deadline set by the U.S. Securities and Exchange Commission (SEC) for the company's proposed Bitcoin exchange-traded fund (ETF).

ARK Invest purchased over 105,000 shares of Tesla while simultaneously selling off COIN shares worth over $25 million Wednesday.

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