Ark Invest, managed by Cathie Wood, continues to sell shares of Coinbase (COIN), the largest cryptocurrency exchange in the USA.
According to the company’s most recent statement Yesterday 132,782 from Innovation ETF; A total of 16,998 from Next Generation Internet ETF 149,780 COINs worth $24.2 million were sold.
Ark Invest sold $5.5 million worth of COIN the day before and closed the position it took from Coinbase in total since last month. He shrunk more than $200 million worth.
Coinbase closed yesterday at $161.86, gaining 0.4 percent on a daily basis. COIN, 60 percent monthly; It has gained more than 340 percent in value since the beginning of the year. Shares of the stock exchange in November 2021 It broke a record with $343.
Ark Invest, which sold $28 million worth of Grayscale Bitcoin Trust (GBTC) shares on Monday, also sold $28 million worth of Grayscale Bitcoin Trust (GBTC) shares on Wednesday. 398,383 GBTC worth $14.3 million sold. GBTC, which has appreciated by more than 330 percent since the beginning of the year, closed last day at $ 35.83.
Ark Invest, in addition to Jack Dorsey’s company, Block 158,334 ($12.1 million) bought shares.