COIN

Dogecoin

<ul>
 <li>A total of 10,218 Coinbase (COIN) shares, valued at $1.4 million, were dumped.</li>
 <li>In a week, the price of Coinbase stocks increased by 16%, and in a month, by 63%.</li>
</ul>
As the price of Coinbase (COIN) shares kept climbing amid a phenomenal rebound in the crypto market, Ark Invest, led by <a href="https://www.linkedin.com/in/catherinedwood" rel="noopener noreferrer nofollow">Cathie Wood</a>, sold further shares. On the other hand, at the same time, Robinhood (HOOD) shares are still being purchased by Ark Invest’s several funds in anticipation of massive swings.
A total of 10,218 Coinbase (COIN) shares, valued at $1.4 million, were dumped by Cathie Wood’s Ark Invest funds. The decision is in response to the recent surge of COIN stocks rising to a 19-week high. 7,248 <a href="https://thenewscrypto.com/cathie-woods-ark-invest-dumps-coinbase-shares-again/" rel="noopener noreferrer nofollow">Coinbase</a> shares were sold by the ARK Innovation ETF (ARKK), while 2,970 COIN stocks were sold by the ARK Fintech Innovation ETF (ARKF).
After reaching a new high of $146.30, Coinbase (COIN) stock price is trading at $145.98, a gain of 3.42%. In a week, the price increased by 16%, and in a month, by 63%.
<h3 class="wp-block-heading" id="h-banking-on-robinhood">Banking on Robinhood</h3>
The performance of Ark Invest funds has been enhanced by the recent crypto market rise. The cryptocurrency market will keep going up as long as investor confidence is strong. Amidst dumping Coinbase shares, the firm nevertheless continued to purchase shares of Robinhood (HOOD). ARK Fintech Innovation ETF (ARKF) bought 14,702 Robinhood shares.
As a part of their aim to capture market share, <a href="https://thenewscrypto.com/robinhood-crypto-trading-volume-surges-by-75-in-november/" rel="noopener noreferrer nofollow">Robinhood</a> announced expansion to the <a href="https://www.britannica.com/place/United-Kingdom" rel="noopener noreferrer nofollow">UK</a> last week. In November, the platform’s crypto trading volume jumped 75%, riding on the recent market rally. At the time of writing, Bitcoin is trading at $42,827, up 2.95% in the last 24 hours as per data from <a href="http://coinmarketcap.com" rel="noopener noreferrer nofollow">CoinMarketCap</a>.&nbsp;The bulls continue to dominate as most cryptocurrencies are trading in green.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/dogecoin-co-founder-exposes-startling-island-acquisition-plan-by-sbf/" rel="noopener noreferrer nofollow">Dogecoin Co-Founder Exposes Startling Island Acquisition Plan by SBF</a>

Cathie Wood Led Ark Invest Dumps $1.4M Worth Coinbase Shares

Table of Contents

TheNewsCrypto

Other articles published on Dec 5, 2023

Brazilian Bank Itaú Unibanco Launches Bitcoin And Ether Trading In Brazil

Bitcoin Rises to $42,497 Due to US Market Data and Government Regulations

Litecoin Price Stumbles Again: Is a 10% Correction Underway for LTC?

Top Meme Coins Set For A Whopping 20% Surge This Month!

Robinhood Crypto Trading Volume Surges by 75% in November

Bitcoin’s Impressive Rise to $42,000 and What’s Next?

Join our free newsletter for daily crypto updates!