Ark Invest, managed by Cathie Wood, added a new one to its Coinbase (COIN) share sales this week.
Ark Invest on Wednesday, March 6 $48.8 million worth Sold another 204,469 Coinbase shares. The company has lost a total of 1 since the beginning of the week.over 00 million dollars Coinbase sold its stock.
COIN shares sold on Wednesday $41 million portion Innovation ETF, $3.2 million portion Next Generation Internet ETF and $4 million portion It was also sold through the Fintech Innovation ETF.
Ark Invest’s sales accelerated in parallel with the increase in value of Coinbase shares. In accordance with their portfolio management policy Each share must not exceed a certain percentage of its total investments, and the increase in value of COIN pushes Ark Invest to sell regularly.
According to TradingView data, COIN, which was not affected by Ark Invest’s sales, closed on Wednesday. With an increase of 9.8% closed.