COIN

April

Grayscale Bitcoin Trust

<ul>
 <li><strong>ARK Invest sold another $5 million worth of Coinbase (COIN) shares.</strong></li>
 <li><strong>ARK bought $2 million worth of shares in Robinhood and $1.5 million in SoFi Technologies.</strong></li>
</ul>
<p>On Wednesday, Cathie Wood’s ARK Invest made a second <a href="https://twitter.com/ArkkDaily/status/1730033984833273981" target="_blank" rel="noopener noreferrer nofollow">strategic move</a> in the market, capitalizing on the crypto and fintech sectors. ARK sold 38,668 shares of Coinbase (COIN) from its Ark Fintech Innovation ETF (ARKF), amounting to $5 million.&nbsp;</p>
<p>This decision followed the earlier sale of 43,956 COIN shares on Monday, a time when the crypto exchange reached its <a href="https://thenewscrypto.com/cathie-wood-led-ark-invest-dumps-5-3m-worth-coinbase-shares/" target="_blank" rel="noopener noreferrer nofollow">highest level</a> since April 2022. Despite COIN’s static performance, it closed down 0.35% at $127.82 on Wednesday. Still, the crypto exchange has seen significant gains, experiencing a more than 77% increase over the past month and a year-to-date surge of 281%.</p>
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<h2 class="wp-block-heading" id="h-ark-invest-expands-its-investment-portfolio">ARK Invest Expands its Investment Portfolio&nbsp;</h2>
<p>In a strategic pivot, ARK Invest expanded its portfolio by purchasing $2 million worth of shares on the trading platform Robinhood (HOOD), marking its <a href="https://thenewscrypto.com/ark-invest-led-by-cathie-wood-buys-9-5m-worth-robinhood-shares/" target="_blank" rel="noopener noreferrer nofollow">seventh acquisition</a> this month. This move aligns with ARK’s expansion into the U.K. stock market, representing its third international venture. November’s total investment in Robinhood stands at approximately $13.5 million. Following this news, HOOD shares, responding positively, rose by 3.24% to $8.92 on Wednesday.</p>
<p>Additionally, ARK Invest shows confidence in the online finance sector by investing $1.5 million in shares of SoFi Technologies (SOFI), an American online personal finance company and online bank.&nbsp;</p>
<p>This acquisition occurred on the same day SoFi Technologies officially declared its decision to end cryptocurrency services by December 19, 2023. However, this move underlines ARK’s strategic position in both ARK and SoFi Technologies.&nbsp;</p>
<p>Meanwhile, recently, ARK Invest sold 94,624 shares of Grayscale Bitcoin Trust (GBTC), equivalent to $2.8 million, from its ARKW fund.&nbsp;</p>

Cathie Wood’s ARK Invest Dumps Coinbase Shares Again

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