COIN

Generation

Grayscale Bitcoin Trust

Daily

<p class="is-style-lead">Cathie Wood’s investment company, ARK Invest, sold shares of the <a href="https://crypto.news/tag/coinbase/" data-type="link" data-id="https://crypto.news/tag/coinbase/">Coinbase</a> crypto exchange and the Grayscale Bitcoin Trust (GBTC) worth about $5.8 million.</p> 
<p>The transactions took place through several of the firm’s funds. Thus, ARK Next Generation Internet ETF sold 100,739 GBTC at $24.71 and 32,158 COIN at $77.21. ARK Fintech Innovation ETF sold out 10,455 COIN at $77.21.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Cathie Wood and Ark Invest's trade activity from today 10/23 <a href="https://t.co/3SilCpHQFG" target="_blank">pic.twitter.com/3SilCpHQFG</a></p>— Ark Invest Daily (@ArkkDaily) <a href="https://twitter.com/ArkkDaily/status/1716607091975008273?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 24, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The investment firm is likely taking profits from the recent crypto rally. On Oct. 24, Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) reached $35,000. Following BTC, other assets from the top 10 by capitalization also went green.</p> 
<figure class="wp-block-image size-full">
 <img decoding="async" loading="lazy" width="2068" height="1298" src="https://crypto.news/app/uploads/2023/10/Screenshot-2023-10-24-at-14.00.58.png" alt="ARK Invest sold Coinbase and GBTC shares for $5.8m - 11" class="wp-image-14207568">
 <figcaption class="wp-element-caption">
  Source: CoinGecko
 </figcaption>
</figure> 
<p>At the time of writing, the first cryptocurrency is trading at $34,416.41, having increased by more than 20% over the past week. According to MarketWatch, Coinbase is valued at $83.85 in premarket trading, up 8.6% overnight.</p> 
<p>ARK Invest and 21Shares submitted a joint application to launch a spot Bitcoin ETF in April. In August, the regulator postponed a decision on the firms’ proposals. In October, the firms <a href="https://crypto.news/ark-invest-and-21shares-refine-bitcoin-etf-filing-hint-at-progress/">made</a> several changes to the document. In August, the companies <a href="https://crypto.news/ark-invest-and-21shares-join-forces-for-crypto-etfs/">sent</a> a paired request to launch two exchange-traded funds based on Ethereum futures.</p> 
<p> You might also like: <a href="https://crypto.news/ark-invests-cathie-wood-bullish-on-bitcoin-and-ai-intersection/"> ARK Invest’s Cathie Wood bullish on Bitcoin and AI intersection </a> </p>

ARK Invest sold Coinbase and GBTC shares for $5.8m

crypto.news

Other articles published on Oct 24, 2023

The AI Revolution in Medicine: Transforming Healthcare with Foundation Models

Ledger Debuts Cloud-based Private Key Recovery Tool Despite Previous Backlash

Cronos-Powered Fulcrom Finance Expands to zkSync Era, Emerges as Top dApp with $100K Rewards Pool

Bitcoin Boosts the Market: Bitcoin-focused Company Stocks Soar by 300%

Dogecoin Price Prediction as DOGE Sees Significant Gains & Traders Back This New Meme Coin to 10x

Spot Bitcoin ETF Hype Rally Weekly Inflows To $66 Million, Investors Remain Bullish on Solana: Re...

Join our free newsletter for daily crypto updates!