BitcoinWarrior

News and Education

Cathie Wood’s Ark Invest Sells $42M Worth Of Coinbase Shares Even As Bitcoin, Ethereum Soar

Published by
Benzinga

In a significant move on Tuesday, Cathie Wood-led Ark Invest executed a notable sale in the cryptocurrency sector, divesting over $42 million worth of Coinbase Global Inc (NASDAQ:COIN) shares. This decision came amidst a volatile cryptocurrency market, where major currencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were experiencing surges. The COIN Trade On Wednesday, Ark sold a total of 283,104 Coinbase shares through ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF (NYSE:ARKW). The transaction was valued at $42.6 million. Coinbase shares closed 7.76% higher a…

Read More