COIN

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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

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