Ark Invest, the investment company managed by Cathie Wood, sold Coinbase (COIN) shares for the second time in a short time.
Ark Invest, on Monday, March 4, through 3 different exchange-traded funds $30.9 million worth 134,749 Coinbase shares sold. The company, which continues its sales in order to balance its investment portfolio in parallel with the increases, has sold 7 units since last Friday.$5 million COIN It has sold.
COIN shares sold on Monday $16.7 million portion Innovation ETF, $2.5 million portion Next Generation Internet ETF and $11.7 million portion It was also sold through the Fintech Innovation ETF.
According to TradingView data, COIN, which has gained a new upward momentum with the USA’s approval of spot Bitcoin exchange traded funds (ETF), has increased in the last week. gained 23% value.
With these increases From January 2022 COIN, which has reached its highest level since, at the time of writing from $229 is being traded.