Coinbase Stock Tumbles as Cathie Wood Sells Some Shares

Coinbase Stock Tumbles as Cathie Wood Sells Some Shares

Given the amount of stocks that are down today, Coinbase is likely simply sinking with the entire stock market ship today. As of 11 a.m. ET, Coinbase stock was down 7%. According to Cathie's Ark (a website that's not affiliated with Ark Invest) the Ark Innovation ETF sold a little more than 170,000 shares of Coinbase yesterday.