Ark Invest, the investment company managed by Cathie Wood, sold millions of dollars worth of Coinbase (COIN) shares.
Ark Invest continues to sell Coinbase shares without slowing down. According to the last end-of-day report announced by the company Tuesday, March 12 day $27.2 million worth 106,000 Coinbase shares have been disposed of.
The company continues its sales in order to balance its investment portfolio in parallel with the increases, only this week. 100 million dollar COIN It has sold. In accordance with the company’s investment policy, the total volume of an asset It sells because it doesn’t allow it to exceed 10%..
COIN shares sold on Monday $17.1 million portion Innovation ETF, $2.5 million portion Next Generation Internet ETF and 2.3 million dollars part, 7.8 million dollars part part also Fintech Innovation ETF Sold through.
According to TradingView data, COIN, which has been faced with sales pressure in recent days, has lost 0.19% value. COIN, at the time of writing From $256, It is trading near its all-time high (ATH).