Odaily News According to Coinbase (COIN) closing price on Tuesday ($139.62), ARK Invest has reduced its holdings of Coinbase shares by more than $120 million this month. ARK Invest has reduced its holdings on Coinbase shares for three consecutive days as of Tuesday, and has reduced its holdings on all but two trading days this month. It is reported that ARK Invest’s policy is to keep the maximum shareholding ratio of any company within 10%. The recent rally in Coinbase stock, which last month hit highs not seen since April 2022, means that Coinbase stocks weighting in three of ARK Invests ETFs remains above that level, even after multiple recent reductions. (CoinDesk) Earlier today, it was reported that ARK Invest reduced its holdings of 82,255 shares of Coinbase stock COIN through ARKK, ARKW and ARKF funds on Tuesday (December 12), equivalent to approximately US$11.48 million.