Recently, <a href="https://optimisus.com/market/market-news/ark-invest-takes-another-step-towards-bitcoin-etf-with-third-amendment-submission/" rel="noopener noreferrer nofollow">ARK Invest</a> took advantage of the rising price of Coinbase (COIN) stock, signaling yet another round of profit-taking.  
From its ARK Fintech Innovation ETF (ARKF), ARK sold off 43,956 Coinbase shares on November 27. At the time of the sale, Coinbase stock was trading for $119.7 per share, or around $5.3 million.  
This action comes after Binance and its former CEO Changpeng Zhao entered a guilty plea to charges of money laundering and violating sanctions on November 21, 2023, which caused Coinbase's stock to reach an 18-month high.  
stock has risen 168% in the last year, with a 220% spike since January 2023, despite a 70% decline from its top in September 2021. 
The post <a href="https://optimisus.com/market/market-news/ark-invest-sells-5-2m-in-coinbase-shares-amid-18-month-high/" rel="noopener noreferrer nofollow">ARK Invest sells $5.2M in Coinbase Shares amid 18-month high</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

ARK Invest sells $5.2M in Coinbase Shares amid 18-month high

Optimisus

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