Cathie Wood’s investment firm, Ark Invest, took advantage of the recent rise in Coinbase (COIN) shares to sell profits.
U.S. Securities and Exchange Commission (SEC) with Ripple (XRP) litigation lasting more than two years between Your first notable result in favor of Ripple Coinbase shares with the release a new uptrend won. Ark Invest, which has millions of dollars worth of COINs in its hands, evaluated by selling.
According to the daily trading report published by Ark Invest, on 14 July 50 million dollars on 478,356 shares sold carried out. After the COIN price hit the highest level of the year, the company From 105 dollars made this sale.
These transactions are made by Ark Invest, which has been buying on COIN shares for a long time and has almost bottomed out. second sale in a short time it happened.
Ark Invest, the previous sale of the US stock market operator Cboe Digital Markets 5 different corporate spot Bitcoin ETF (exchange-traded fund) in his application surveillance partner aspect coinbase with you agreed He made it by evaluating the prices that had risen after the announcement.
Despite the nearly $50 million sale of Coinbase shares, ARKK in 6.30% share second highest weighted stock status.
According to Nasdaq data, in the last 30 trading days Coinbase up 98% shares last week 33% on the rise 105.31 dollars closed level.