Major fund manager Ark Invest has sold 1.41 million shares of Coinbase (COIN). This sale resulted in a 25% loss in Coinbase share value in one day.
billionaire investor Katie Wood by Founded in 2014, Ark InvestRecently 75 million dollars Sold worth of Coinbase (COIN) shares. According to February 2021 data Managing $50 billion fund giant investment company, average last year from $254 He bought a large amount of Coinbase shares. A level close to the bottom price This sale made at $52in the background of the company serious harm shows acceptance.
The company is about $75 million in sales so far. although no explanationaccording to critics recently SEC Launched by Coinbase detailed research work This may be the reason behind the sale decision. Grewal, Coinbase General Counsel, said: “This is an important causing a problembecause the US has yet to net and applicable a framework of law is not” he had stated.
Coinbase shares since early 2022 80%experienced a decline. Nasdaq Coinbase shares at the time of writing, according to data from $52.93 is being traded.