Ark Invest offloaded 70,616 Coinbase shares — worth $15.1 million — across three of its exchange-traded funds on Tuesday.

The Cathie Wood-led investment firm sold 45,915 shares ($9.8 million) from its Innovation ETF (ARKK), 17,755 shares ($3.8 million) from its Next Generation Internet ETF (ARKW) and 6,946 shares ($1.5 million) from its Fintech Innovation ETF (ARKF), according to the company’s latest trade filing.

It’s the first time Ark has sold a significant amount of Coinbase shares in nearly a month after it offloaded $20.4 million worth of COIN on April 11 amid a rise in the stock's price. However, it did sell a relatively small amount of Coinbase shares from its ARKW fund on April 15, worth around $824,000.

Ark Invest's rebalancing strategy

Ark’s investment strategy aims to let …