Coinbase stock’s rally in the last 3 months of 2023, which saw the price increase by over 130%, took its weighting in ARK’s Innovation ETF (ARKK) above the targeted maximum weighting of 10%. It still constitutes a 10.34% weighting of ARKK, a stake worth more than $872.5 million.

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• Source: https://www.coindesk.com/markets/2024/01/05/ark-invest-sells-another-42m-of-coinbase-shares/?utm_medium=referral&utm_source=rss&utm_campaign=headlines