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Bank of Nova Scotia Cuts Holdings in Coinbase Global, Selling 165,340 Shares

Guavy AI Editorial Team
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Bank of Nova Scotia has significantly reduced its holdings in Coinbase Global, Inc. (NASDAQ: COIN) by selling 165,340 shares during the first quarter.

The firm now owns 44,920 shares of the cryptocurrency exchange's stock, valued at $7,843,000 as of its most recent SEC filing.

This move is part of a broader trend of institutional investors adjusting their positions in Coinbase Global. Integrated Wealth Concepts LLC increased its holdings by 24.2% during the first quarter and Empowered Funds LLC grew its stake by 25.8%.

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