# Cathie Wood Sells Crypto Stocks Before SEC Exemption

> Cathie Wood sold $60m crypto stocks days before SEC's innovation exemption boosted Coinbase
- Title: Cathie Wood Sells Crypto Stocks Before SEC Exemption
- Summary: Cathie Wood sold $60m crypto stocks days before SEC's innovation exemption boosted Coinbase Wood's exit timing suggests she anticipated the SEC's regulatory…
- Keywords: cathie wood, ark invest, sec, coinbase, innovation exemption, crypto stocks, nasdaq, clarity act, Cathie, Wood, Sells, Crypto
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/21/cathie-wood-dumps-60-million-in-crypto-stocks-days-before-secs-game-changing-exemption
- Author: Omor Ibne Ehsan
- Published: 2026-09-21T16:50:48+00:00
- Read time: 1 min
- Topics: cathie wood, ark invest, sec, coinbase, innovation exemption, crypto stocks, nasdaq, clarity act
## Wood's Crypto Trim
ARK Invest sold $60 million in crypto stocks including Circle, Coinbase, and Bitmine.

> ARK Invest trimmed roughly $60 million of crypto-linked equities into a regulatory-driven rip that took Coinbase sharply higher last week.
## SEC Exemption Boost
The SEC's innovation exemption lets crypto platforms trade tokenized U.S. equities without full exchange registration.

> The SEC unveiled an Innovation Exemption that lets platforms trade tokenized U.S. equities without full exchange registration.
## Coinbase Surge
Coinbase jumped 10.84% weekly and 21.25% monthly after the exemption announcement.

> Coinbase closed at $194.25 on September 18, up 10.84% on the week and 21.25% on the month.
## Regulatory Shift
The SEC's five-year innovation exemption was a key win for Coinbase after years of lobbying.

> Only four days separated the ARK sales and the SEC’s five-year Innovation Exemption.
## Market Context
Coinbase revenue fell 18.5% year over year but showed positive adjusted EBITDA for 14 straight quarters.

> Q2 2026 revenue of $1.22 billion fell 18.5% year over year and missed consensus.
## Key takeaway

Wood's exit timing suggests she anticipated the SEC's regulatory shift for crypto platforms