Terra Classic

Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Cathie Wood’s investment management firm&nbsp;Ark Invest continues profit booking in Coinbase&nbsp;(COIN) and&nbsp;Grayscale Bitcoin Trust (GBTC) shares as prices continue to hit higher as a result of the market-wide rally backed by BTC price surpassing $44,000. 
Bitcoin bull Cathie Wood reaffirms her bullish stance for BTC price amid speculation of spot Bitcoin ETF approval by the U.S. SEC. <a href="https://coingape.com/price/bitcoin" target="_blank" rel="noopener">BTC price</a> currently trading at $44,006, up 1% in the past 24 hours and 16% in a week. 
<h2 id="cathie-wood-s-ark-invest-sells-more-coinbase-shares">Cathie Wood’s Ark Invest Sells More Coinbase Shares</h2> 
On December 6, Cathie Wood’s Ark Invest sold 180,422 Coinbase (COIN) shares worth $25 million, as per transactions seen by CoinGape. 
ARK Innovation ETF (ARKK) sold 162,579 Coinbase shares, ARK Next Generation Internet ETF (ARKW) offloaded 5,369 COIN shares, and ARK Fintech Innovation ETF (ARKF) sold 12,474 COIN stocks. 
Coinbase (<a href="https://coingape.com/crypto-stocks/COIN/" target="_blank" rel="noopener">COIN</a>) stock price closed 3.97% lower at $134.63 on Wednesday. The price fell for two days consecutively after hitting another high of $147.86. The price rallied more than 300% this year. 
On Dec 5, Ark Invest sold 237,572 Coinbase (COIN) shares worth $34 million and offloaded 168,127 Grayscale Bitcoin Trust (GBTC) shares worth $6 million. In addition, Ark funds <a href="https://coingape.com/cathie-wood-ark-invest-coinbase-robinhood-prices-rally/" target="_blank" rel="noopener">sold 10,218 Coinbase (COIN) shares</a> worth $1.4 million on Dec 4. 
Also Read: <a title="Terra Classic Community Passes Major Constructive Proposal, LUNC And USTC To $1?" href="https://coingape.com/terra-classic-community-passes-constructive-proposal-lunc-ustc/" target="_blank" rel="bookmark noopener">Terra Classic Community Passes Major Constructive Proposal, LUNC And USTC To $1?</a> 
<h2 id="cathie-wood-dumps-grayscale-bitcoin-trust-shares">Cathie Wood Dumps Grayscale Bitcoin Trust Shares</h2> 
Cathie Wood’s Ark Invest offloaded additional holdings in Grayscale Bitcoin Trust (GBTC). ARK Next Generation Internet ETF (ARKW) sold 99,595 GBTC shares worth $3.5 million. Some believe it is a strategy as Ark Invest is also in a race with Grayscale for a <a href="https://coingape.com/tag/spot-bitcoin-etf" target="_blank" rel="noopener">spot Bitcoin ETF</a>. 
On Dec 5, ARK Next Generation Internet ETF (ARKW) offloaded 168,127 Grayscale Bitcoin Trust shares. ARKW has dumped more than <a href="https://coingape.com/cathie-woods-ark-invest-offloads-more-gbtc-holdings-buys-robinhood-shares/" target="_blank" rel="noopener">800,000 GBTC shares</a> since October. 
GBTC price has soared 330% YTD, and closed 0.51% lower at $34.92 on Wednesday. It may open slightly lower in pre-market hours on Thursday. 
Also Read: <a href="https://coingape.com/robinhood-launches-commission-free-trading-for-btc-eth-sol-more-in-europe/" target="_blank" rel="noopener">Robinhood Launches Commission-Free Trading for BTC, ETH, SOL, &amp; More in Europe</a> 
The post <a rel="nofollow" href="https://coingape.com/breaking-cathie-woods-ark-invest-offloads-25m-of-coinbase-3-5m-of-gbtc-shares/">Breaking: Cathie Wood’s Ark Invest Offloads $25M Of Coinbase &amp; $3.5M Of GBTC Shares</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Breaking: Cathie Wood’s Ark Invest Offloads $25M Of Coinbase & $3.5M Of GBTC Shares

Table of Contents

Coingape News Media

Other articles published on Dec 7, 2023

Announces Node License Price Adjustment Amidst Soaring Demand

New Jersey bill to recognize crypto sold to institutional investors as securities

Bitcoin – Why Are Transaction Fees Skyrocketing?

Top Cryptos Under $1 With 10X Potential: XRP, TRX, NUGX

Footprint Analytics x Future3 Campus x HashKey Capital Comprehensive Report (Part 2)

Bitcoin Aims For $50,000 Amid Crypto Bull Run Surge, While Bitcoin Minetrix’s BTC Cloud Mining To...

Join our free newsletter for daily crypto updates!