Famous investor Cathie Wood’s company, Ark Invest, sold a large amount of Coinbase shares as the stock market took action.
Ark Invest, Coinbase shares to the highest level in the last 18 months Worth $5.3 million when released 43,956 COINs sold.
The company, on the other hand, acquired 143,063 Robinhood shares worth approximately $1.2 million for the Ark Fintech Innovation ETF. On Friday, 93,297 Robinhood shares were purchased for the ARK Next Generation Internet Fund.
According to TradingView data, COIN was valued at $120.50 before markets opened. The share of the US cryptocurrency exchange has increased by 56% in the last month; YTD gained 228% value. The record was set at $342.98 during the bull market in November 2021.
Robinhood shares, which were valued at $8.44 before markets opened, continued to decline throughout the month. close to 9% It has lost value and has returned only 1.57% since the beginning of the year.