Ark Investment has reduced its holdings in Coinbase stock for the first time in nearly a year

ChainCatcher news, Cathie Wood's fund Ark Investment has reduced its holdings in Coinbase stock for the first time in nearly a year, selling 135,152 shares of Coinbase on July 11, marking the first sale of the stock since July 26, 2022.

It is reported that Ark is the fourth largest holder of Coinbase, and a filing submitted yesterday to the Chicago Options Exchange has increased optimism about the potential approval of a Bitcoin ETF in the U.S., causing the stock to rise by 9.8%.