Cathie Wood’s investment company, Ark Invest, continues to sell shares in Coinbase (COIN) and Grayscale Bitcoin Trust (GBTC).
Ark Invest once again took action for Coinbase shares after last week’s sales. The last statement made by the company was on Friday, December 8. Fintech Innovation ETF through $49.2 million worth 335,860 Coinbase shares It was stated that it was sold.
This sale was recorded as the company’s largest single-item sales transaction since July. With the last sale, Ark Invest last week COIN worth $100 million It has sold.
Ark also on December 8 Grayscale Bitcoin Trust He also sold the shares. According to the data, the company 102,672 shares worth $3.7 million disposed of it.
In accordance with the company’s rules, for each product in its portfolio a slice of 10% even if he leaves COIN Following the recent rises in its stock, its share in the portfolio exceeded 10%. This rate of Ark Invest balance for It is thought that he is selling. Despite recent sales COIN, ARKK And More than 11% of New Generation ETF (ARKW) And More than 13% of Fintech Innovation ETF (ARKF) It creates.
COIN shares in the last 2 months approximately 88% rose. The main reasons for this rise were the general positive atmosphere in the cryptocurrency market and the increasing expectation that spot Bitcoin exchange traded fund (ETF) applications will be approved by the USA.
According to TradingView data, COIN stock is at the time of writing. from $146 is being traded.