Coinbase Stock Could Be Overvalued After All-Time High, Analysts Warn

Cathie Wood’s Ark Invest has scaled back its exposure to Coinbase, selling over $52 million in company shares over two consecutive days last week. The decision came as Coinbase stock soared to a new all-time high, driven by bullish sentiment and growing institutional interest in crypto-linked equities. Coinbase Leads S&P in June but Ark Invest Reduces Exposure Trading data indicates that Ark sold roughly $12. 5 million worth of Coinbase shares on June 26, followed by a larger $40 million sale the next day source: https://beincrypto.com/ark-invest-sells-coinbase-shares-amid-rally/