ARK Invest Coinbase Share Sale Takes December Total Close to $200M
Cathie Wood’s investment firm also sold GBTC stock while increasing its holdings of Block.
ARK Invest
ARK Sells $42.6M Coinbase Shares as COIN Hits 20-Month High
The firm has sold over $150 million worth of stake in COIN since Dec. 5.
ARK Invest Sells Coinbase Shares for Third Straight Day
The investment firm has sold the crypto exchange’s stock on all but two trading days this month.
Cathie Wood’s ARK Invest Offloads Nearly $13M Worth of Grayscale Bitcoin Trust Shares
Digital asset manager Grayscale’s bitcoin investment vehicle’s shares fell 8.6% Monday, reflecting the day’s 5.8% drop in bitcoin.
Cathie Wood’s ARK Invest Sells $49.2M Worth of Coinbase Shares
ARK has been consistently selling Coinbase stock in recent weeks. Friday’s is the largest sale since July, when it sold 480,000 shares worth $50.5 million at the time.
Cathie Wood’s ARK Invest Sells Another $24.3M of Coinbase Shares
Coinbase shares fell on Wednesday from the 19-month high of $147.86 touched earlier in the week, closing at $134.63.
Cathie Wood’s ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust
ARK sold a total of 237,572 COIN shares across three different ETFs: ARKK, ARKW and ARKF.
Cathie Wood’s ARK Invest Offloads a Further $4.7M Worth of Coinbase Shares
COIN reached its highest level since April 2022, rising to $130.31 on Wednesday.
ARK Invest Sells Another $5M of Coinbase Shares; Buys Robinhood, SoFi
The sale of 38,668 COIN shares from the Ark Fintech Innovation ETF follows a similar offload on Monday.
Cathie Wood Speculates Gary Gensler’s Political Ambitions Are Affecting Spot BTC ETF Judgement
Wood said Gensler’s concerns that bitcoin is prone to market manipulation, one of the barriers to the approval of a spot BTC ETF in the U.S., belie his perfectly sound cryptocurrency knowledge.