Ark Invest Shrinks Its Coinbase Position by Another $5.5 Million

Ark Invest, managed by Cathie Wood, continues to sell shares of the largest cryptocurrency exchange in the USA.

According to the company’s most recent post, 28,638 from the Innovation ETF; A total of 5,623 from Next Generation Internet ETF worth $5.5 million 34,261 Coinbase (COIN) shares were sold.

Ark Invest throughout the past week COIN worth $59 million He had sold it.

Coinbase, which gained 5 percent in value on a daily basis, hit the market yesterday. Closed at $161.16. COIN, 66 percent on a monthly basis; It has gained more than 340 percent in value since the beginning of the year. Value of share For about $342 in November 2021 He broke his own record.

With the company’s entry into the European market $3.3 million Robinhood (HOOD) Alan Ark Invest, the other day HOOD for 1.6 million dollars sold. HOOD has appreciated by approximately 60 percent since the beginning of the year.

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