In a question and answer session on Reddit, a user asked Ark about the reasons behind selling Coinbase shares. Cathy Wood clarified that ARK is not selling off, but is actively managing its own portfolio. According to Wood, “Coinbase has grown roughly 9 times since spring 2023.” She notes that Coinbase accounts for more than 10% of Ark's “portfolio. We just made a profit. It's still the number one position, and we're reallocating those profits into stocks, just like Coinbase about a year ago, which were affected by very short-term news, including Tesla, many of which are in the life sciences sector.” (Global Market Report)
“木头姐”解释减持Coinbase：不是抛售，是主动管理
“Cathie Wood” explains how to reduce Coinbase holdings: it's not a sell-off, it's active management
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