币界网报道:ARK Invest, led by Cathie Wood, has sold a significant portion of its Coinbase (COIN) shares amid the cryptocurrency exchange's recent rally. According to trade notifications, ARK's ETFs offloaded 237,675 COIN shares worth approximately $33.3 million on January 10. This follows previous sales totaling over 700,000 COIN shares in recent weeks. Despite the divestment, Coinbase remains ARK's second-largest holding across its ETFs, valued at around $1.1 billion. The sales come as COIN shares surged nearly 300% in 2023 and continued gaining in early 2024, currently trading around $140. Analysts note ARK's strategy appears to be profit-taking during price peaks while maintaining long-term exposure. Coinbase's stock performance correlates with Bitcoin's rally and anticipation around potential spot Bitcoin ETF approvals. Meanwhile, ARK continues actively rebalancing its portfolio, recently increasing positions in companies like Tesla and Roku while reducing crypto-related exposures. The firm maintains its bullish stance on blockchain technology, with Wood recently predicting Bitcoin could reach $1.5 million by 2030 in a bullish scenario. Market observers will watch whether ARK resumes accumulating COIN shares if prices retreat from current levels.