COIN

Bitcoin

Generation

Grayscale Bitcoin Trust

<a href="https://bitcoinworld.co.in/ark-invest-sells-33m-of-coinbase-shares-5-9m-of-grayscale-bitcoin-trust/" title="ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Cathie Wood’s ARK Invest sold a total of 237,572 COIN shares across three different exchange-traded funds: ARKK, ARKW and ARKF.</li>
 <li style="font-weight: 400">ARK also sold 168,127 shares in digital asset investment manager Grayscale’s Bitcoin Trust (GBTC), worth around $5.9 million.&nbsp;</li>
</ul>
Cathie Wood’s ARK Invest sold $33 million worth of Coinbase (COIN) stock on Tuesday after the crypto exchange’s shares touched a 19-month high on the back of bitcoin’s (BTC) latest surge, based on the day’s closing price.
ARK sold a total of 237,572 COIN shares across three different exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF).
COIN shares rose to as high as $147.86 during the day before closing down 0.63% at $140.20.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/ordi-price-surges-35-and-has-been-increasing-remarkably/" aria-label="“ORDI Price Surges 35% And Has Been Increasing Remarkably” (Edit)" rel="noopener noreferrer nofollow">ORDI Price Surges 35% And Has Been Increasing Remarkably</a>
ARK also sold 168,127 shares in digital asset investment manager Grayscale’s Bitcoin Trust (GBTC), worth around $5.9 million. GBTC shares closed at $35.10 on Tuesday, their highest level since December 2021.
The investment manager frequently accumulates crypto-related shares at a comparatively low price and then offloads them when they show bullish momentum.&nbsp;
Bitcoin gained over 5% in the last 24 hours to <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">near</a> $44,000 for the first time since April 2022.
Bitcoinworld <a href="https://bitcoinworld.co.in/investment-giant-ark-invest-is-selling-coinbase-shares-to-buy-robinhood-shares/" rel="noopener noreferrer nofollow">reported</a> recently that the investment giant Ark Invest is selling Coinbase shares to buy Robinhood shares.
The post <a href="https://bitcoinworld.co.in/ark-invest-sells-33m-of-coinbase-shares-5-9m-of-grayscale-bitcoin-trust/" rel="noopener noreferrer nofollow">ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust

ItsBitcoinWorld

Other articles published on Dec 6, 2023

Cathie Wood’s Ark Invest Sells $34M In Coinbase & $6M In GBTC Shares, Buys Robinhood

Highstreet: A Decentralized Commerce Play-to-Earn Metaverse

Do Kwon’s Appeal Against Court’s Decision Adds New Twist to Extradition Saga

Do Kwon Challenges Extradition Order, Prolonging Legal Saga Amid Terra Collapse Fallout!

Bitcoin Will Never Stop, Laura

Congressman Grills SEC Representative on Crypto Regulation and Clarity

Join our free newsletter for daily crypto updates!