Ark Invest, managed by Cathie Wood, continues its sales of Coinbase (COIN) shares in the new year.
Ark Invest continued its Coinbase share sales in the first days of the new year. According to current data, the company Wednesday, January 3 day $25.3 million worth 166,183 Coinbase shares sold.
ARK Innovation ETF over 145,048 COINs while being sold ARK Next Generation Internet ETF through 21,135 COINS sold. The company is in the last weeks of 2023 By selling over $200 million worth of Coinbase shares. had come to the fore. In the statement made by the company at the time, it was stated that the sales in question were made for portfolio balancing purposes.
Coinbase shares have provided significant gains for Ark Invest since the beginning of 2023. The share price is at its low on January 6th. 460% rising around From $31.5 to $186 reached. COIN, which has maintained its downward momentum since January 1, It lost 20% of its value in the last 3 days.
Coinbase has emerged as one of the popular names in spot Bitcoin exchange traded fund (ETF) applications and BlackRock Many giant institutions, including Coinbase, announced that they chose Coinbase to store their Bitcoins. NASDAQ According to the data, at the time of writing COIN from $152 is being traded.