Cathie Wood's investment company sold 225,742 shares of the ARK 21Shares Bitcoin ETF(ARKB) from its Next Generation Internet Fund (ARKW) on Tuesday, worth $8.7 million, the Internet reported. The company also sold 34,207 shares of Coinbase Global Inc. "They may want to take advantage of recent market momentum while reducing exposure ahead of the CPI release," Nansen analyst Nicolai Sondergaard said of potential motivations for the sale. Sondergaard added: "It may also reflect a strategy of focusing on riskier, higher-return assets, or a possible preference for simple assets with strong returns relative to their underlying fundamentals."