On The Day Bitcoin Crossed $44K, Cathie Wood’s Ark Sells Over $33M In Coinbase Shares And Nearly $5.6M In Grayscale Bitcoin Trust Shares
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Benzinga
Benzinga
On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc (NASDAQ:COIN) shares. This strategic decision comes as the cryptocurrency market experiences a surge, with Bitcoin (CRYPTO: BTC) crossing the $44,000 threshold. The Coinbase Trade Ark sold 237,572 Coinbase shares through ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). The sale was estimated to be worth $33.3 million as shares closed 0.63% lower at $140.20 on Tuesday. Ark Inves…
