Cathie Wood's Ark fund sold Coinbase stock for the first time in nearly a year.

According to BlockBeats news on July 12th, Cathie Wood's Ark Investment fund has sold 135,152 shares of Coinbase stock on July 11th, marking the first time in nearly a year that the fund has reduced its holdings in the company. This is also the first time since July 26th, 2022 that the fund has sold Coinbase stock. Ark is the fourth largest holder of Coinbase shares. The optimism for the approval of a Bitcoin ETF in the United States has increased following the filing submitted by the Chicago Options Exchange yesterday, causing the stock to rise by 9.8%.