Ark Invest, managed by Cathie Wood, conducted the third Coinbase (COIN) share sale of 2024.
ARK Invest, Friday, January 5 day in three different exchange-traded funds (ETFs). $20.6 million worth about 129 thousand coinbase He sold more shares. Sales Ark Innovation ETF (ARKK), Next Generation Internet (ARKW) And Fintech Innovation (ARKF) It was realized specifically for the funds.
With these latest sales, the company has disposed of 133,823 COIN shares over the past week. In a previous statement by Ark Invest, as per company policy, the portfolio value of an investment 10% and stated that it should be kept below.
When the COIN value increased in value with the increase in the cryptocurrency market, its value in the portfolio exceeded 10% and the company started to sell accordingly.
Currently at ARKK to 10.04% While there is COIN at the rate of ARKW and ARKF, respectively 10.37% And 13.41% rate of COIN. In this regard, it is thought that the company will sell some more COINs.
According to NASDAQ data in the last 24 hours %one COIN, which has lost value, at the time of writing from $153.98 is being traded.