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Cathie Wood's investment management firm ARK Invest sold a further $5 million worth of Coinbase (COIN) stock on Wednesday while buying $2 million of shares in trading platform Robinhood (HOOD) and $1.5 million of online bank SoFi Technologies (SOFI).

The sale of 38,668 COIN shares from the Ark Fintech Innovation ETF (ARKF) follows the offload of 43,956 shares on Monday. COIN was largely static on Wednesday, closing down 0.35% at $127.82.

The HOOD purchase was ARK's seventh of the month, and coincides with the firm starting to offer stocks trading in the U.K., its third attempt at international expansion. ARK has spent some $13.5 million on Robinhood this month, based on closing prices. The shares rose 3.24% to $8.92 on Wednesday.

SoFi Technologies, meanwhile, said it was exiting the crypto business, handing its customers over to Blockchain.com. SOFI fell 0.14% to $7.35.


All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.

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