Cathie Wood Dumps $60 Million in Crypto Stocks Days Before SEC's Game-Changing Exemption

ARK Invest sold tens of millions of dollars of crypto-related equities, including exposure tied to Coinbase, shortly before a landmark SEC ruling drove Coinbase shares higher again. The rally underscores the material regulatory catalyst for crypto equities while raising questions over whether Cathie Wood's fund exited prematurely or reduced risk ahead of potential volatility.