Cryptocurrency

COIN

Bitcoin

The surge led by <a href="https://en.coin-turk.com/bitcoin-etf-news-triggers-price-surge-but-blackrock-denies-approval/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> in the cryptocurrency market has prompted many investors to turn to this sector, paving the way for a significant rise in investment products related to the crypto industry. According to recent developments, public trading data reveal that <a href="https://en.coin-turk.com/bithumb-starts-preparations-for-initial-public-offering-chooses-samsung-securities-as-underwriter/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> co-founder Fred Ehrsam and ARK Invest have sold more than $14 million worth of Coinbase shares in the last 48 hours.
<h2 style="text-align: justify" id="prominent-figure-makes-noteworthy-move">Prominent Figure Makes Noteworthy Move</h2>
According to data shared by Insider Tracker, a service that shares trading information of high-profile company executives and politicians, it was seen that Coinbase co-founder Fred Ehrsam sold 97,836 COIN shares for $13.2 million on December 11th.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-288144" src="https://coin-turk.com/wp-content/uploads/2023/12/insider-tracker-tweet.png" alt="" width="550" height="537">
In light of these developments, the daily trade newsletter of ARK Invest, known for its crypto-friendly approach, and which provides updates about its actively managed exchange-traded funds (ETFs), drew attention by divesting approximately $1.5 million worth of 10,933 COIN shares from the ARK Innovation ETF (ARKK).
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-288145 size-full" src="https://coin-turk.com/wp-content/uploads/2023/12/arkk-rapor.png" alt="" width="795" height="317">
At the time of the share sale, the ARKK ETF fund represented 0.0185% of the fund. Insider Tracker’s data also shows that individuals within Coinbase have been selling significant amounts of COIN shares over the last three weeks.
<h2 style="text-align: justify" id="growth-continues-in-crypto-companies">Growth Continues in Crypto Companies</h2>
Coinbase’s share price has gained significantly in the last three months, influenced by the upward momentum led by Bitcoin. The share price, which had dropped to $70 at the end of October 2023, rose to $146 per share at the beginning of December, pleasing its investors.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-288146 size-full" src="https://coin-turk.com/wp-content/uploads/2023/12/coin-hisse-.jpg" alt="" width="720" height="450">
Various reports indicate that ARK Invest has continued to sell Coinbase shares in recent weeks. ARK Invest drew attention with over $100 million in COIN sales in December 2023, while the company continues to accumulate shares of the US-based platform RobinHood.
During this period, significant rises continue to occur in the shares of publicly traded crypto service companies. Especially the rise in Bitcoin mining companies continues to please their investors due to the hype in the Bitcoin ecosystem and the momentum gained by the Bitcoin price. Continue Reading: <a href="https://en.coin-turk.com/cryptocurrency-market-dynamics-executives-and-investors-navigate-through-volatility/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/cryptocurrency-market-dynamics-executives-and-investors-navigate-through-volatility/</a>

Cryptocurrency Market Dynamics: Executives and Investors Navigate Through Volatility

Table of Contents

COINTURK NEWS

Other articles published on Dec 12, 2023

Avoid the NFT trap in the upcoming bull cycle, expert warns

Binance is dealing with a rapid decline in market share

Kambria 2023 Year In Review and 2024 Roadmap

Cardano Price Prediction: ADA Price Poised for 60x Rally In the Next 6 Weeks If This Happens

FTX faces US officials’ tax claims prior to compensation of bankruptcy victims

SBF’s lawyers say he never stood a chance of winning

Join our free newsletter for daily crypto updates!