Ark Invest offloaded 62,615 Coinbase shares — worth $15.1 million — across two of its exchange-traded funds on Friday.

The Cathie Wood-led investment firm sold 52,295 shares ($12.6 million) from its Innovation ETF (ARKK) and 10,320 shares ($2.5) from its Next Generation Internet ETF (ARKW), according to the company’s latest trade filing.

Added to the $6.4 million worth of Coinbase shares sold on Thursday, Ark Invest offloaded more than $21.5 million worth of the stock last week.

Ark’s investment strategy aims to let no individual holding take up more than 10% of an ETF’s portfolio to maintain diversification within its funds — meaning it is likely to continue rebalancing its weightings if Coinbase’s stock price continues to rise compared to other holdings in the funds.

According to …