- The share price of Coinbase (COIN) rose 7.66% to $146.62 onFriday closing.
- ARK Fintech Innovation ETF (ARKF) also sold 37,151 shares of Robinhood.
It was reported on December 8 that Ark Invest, which is managed by Cathie Wood, sold 335,860 shares of Coinbase (COIN) for $49 million. There were sales of 326,925 Coinbase shares by the ARK Innovation ETF (ARKK), 2,367 COIN shares by the ARK Next Generation Internet ETF (ARKW), and 6,568 COIN stocks by the ARK Fintech Innovation ETF (ARKF).
The share price of Coinbase (COIN) rose 7.66% to $146.62 at the conclusion of trading on Friday. After reaching a new high of $147.86, traders continued to purchase the dips for two days in a row. There has been a price increase of about 336% so far this year.
A total of 180,422 shares of Coinbase (COIN) valued at $25 million were sold by Ark Invest on December 6th. Ark Invest made $34 million after selling 237,572 shares of Coinbase (COIN) on December 5th.
Selling Continues
The Ark Invest funds managed by Cathie Wood also sold their shares in GBTC. During the most recent two declines, 185,754 GBTC shares were sold by ARK Next Generation Internet ETF (ARKW). Since October, ARKW has sold almost 800,000 GBTC shares.
An extra 102,672 GBTC shares, valued at $3.6 million, were sold by ARK Next Generation Internet ETF (ARKW) on December 8th. At the same time, for the first time in the last two months, ARK Fintech Innovation ETF (ARKF) sold 37,151 shares of Robinhood Markets (HOOD).
The crypto community has been wondering whether Cathie Wood is really optimistic on Bitcoin since the investment management business has been selling crypto sector related firms shares regularly since October.
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