The investment firm managed by Cathie Wood continues to sell shares of the cryptocurrency exchange Coinbase (COIN).
According to current data worth more than $10 billion Ark Invest, which manages the asset, has a total of 45,915 from Innovation ETF (ARKK), 17,755 from Next Generation Internet ETF (ARKW), and 6,946 from Fintech Innovation ETF (ARKF). 70,616 Coinbase sold the shares. In total, these are approximately $15.1 million It does.
Ark Invest, which sold $20.4 million worth of COIN in April, had not been making significant sales from Coinbase for a month.
Ark Invest ensures that none of the companies in the exchange traded funds (ETFs) it manages are in the fund. It should not weigh more than 10% on its own. aims. Coinbase currently holds 8.2% each in the ARKK and ARKW funds and 10.4% in the ARKF fund.
In total, these three funds COIN worth approximately $781 million is being kept.
ARKK, ARKW and ARKF funds returned 24%, 55% and 61% respectively in one year.