skip to Main Content
bitcoin
Bitcoin (BTC) $ 95,186.50 1.51%
ethereum
Ethereum (ETH) $ 1,823.94 3.62%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.30 0.74%
bnb
BNB (BNB) $ 603.13 0.36%
solana
Solana (SOL) $ 148.91 1.80%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.179475 2.03%
cardano
Cardano (ADA) $ 0.715665 3.67%
tron
TRON (TRX) $ 0.246122 0.02%

Cathie Wood’s ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust

Cathie Wood’s ARK Invest sold $33 million worth of Coinbase (COIN) stock on Tuesday after the crypto exchange’s shares touched a 19-month high on the back of bitcoin’s (BTC) latest surge, based on the day’s closing price.

ARK sold a total of 237,572 COIN shares across three different exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF).

ARK also sold 168,127 shares in digital asset investment manager Grayscale’s Bitcoin Trust (GBTC), worth around $5.9 million. GBTC shares closed at $35.10 on Tuesday, their highest level since December 2021.

The investment manager frequently accumulates crypto-related shares at a comparatively low price and then offloads them when they show bullish momentum. Bitcoin gained over 5% in the last 24 hours to top $44,000 for the first time since April 2022.

Edited by Sheldon Reback.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top