CryptoNews: Cathie Wood's Ark Invest sold $26.3M worth of Coinbase shares on Monday, marking its third sale of the crypto exchange’s stock in recent days. 👁
Ark Invest Is Still The Second-Largest Owner of Coinbase Shares, Despite The Salessold $26.3M worth of Coinbase shares on Monday, marking its third sale of the crypto exchange’s stock in recent days.
A total of 127,266 shares in the flagship Ark Innovation ETF, 44,784 shares in the Ark Next Generation Internet ETF, and 76,788 shares in the Ark Fintech Innovation ETF were sold. The transactions, which were made after nearly a year of increasing its holdings, are valued at $26.3M, according to the stock's Monday closing price of $105.5.
Cathie Wood, CEO and CIO of Ark, stated that despite this, the fund manager is "very positive about Coinbase, especially in light of the court ruling for Ripple against the SEC ."
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Cathie Wood's ARK Invest Offloads Over $88M Worth Coinbase's COIN Shares in 2 Weeks⚠️ CathieDWood’s ARKInvest has offloaded over $88M worth of Coinbase’s COIN shares in 2 weeks! What has caused this move? Read here -
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Cathie Wood's ARK funds shed more Tesla and Coinbase shares, continue Twilio buying spreeFunds associated with ARK Investment have been offloading shares of Tesla and Coinbase lately, and they continued that pattern Tuesday.
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Ark Invest sells more Coinbase shares worth $26 millionCathie Wood's Ark Invest sold more shares of Coinbase on Monday worth $26 million as the fund manager is taking profits.
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Cathie Wood says she's still upbeat on Coinbase despite recent salesCathie Wood said on Monday that her firm is very positive on Coinbase, and exchanges more broadly after Ripple's partial legal win.
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Cathie Wood very positive on Coinbase after Ripple court rulingArk Invest CEO Cathie Wood said her flagship fund, the ARK Innovation ETF, remains “very positive” on Coinbase stocks. She praised Ripple’s partial victory over the SEC as a win for crypto exchanges in the United States.
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