Ark Invest reduced its holdings of $6.5 million in Coinbase stock and $5.8 million in Robinhood stock yesterday

According to The Block, Ark Invest, a subsidiary of Cathie Wood, reduced its holdings of $6.5 million worth of Coinbase stock and $5.8 million worth of Robinhood stock on July 10th. This reduction comes at a time when the cryptocurrency market is rising, with Bitcoin hitting a historic high of $118000 today. In addition, the fund also sold 24780 shares of Block Inc. stock, valued at approximately $1.7 million based on the closing price of the stock.