COIN

Generation

Grayscale Bitcoin Trust

Source: Adobe / piter2121 
Cathie Wood-led Ark Invest <a href="https://twitter.com/ArkkDaily/status/1737277276478152820">sold another 34,261 Coinbase</a> shares worth $5.5 million on Tuesday as the price of the largest US-based crypto exchange’s shares topped $160, witnessing over 107% rise since early November. 
COIN is already up 5% in the pre-market today. 
Ark Invest had <a href="https://cryptonews.com/news/cathie-woods-ark-invest-continues-to-dump-coinbase-and-gbtc-shares.htm">dumped $100 million worth of Coinbase shares</a> earlier this month. 
The latest sell-off of Coinbase shares by Ark Invest is in addition to the $59 million selling spree of the exchange’s shares last week. 
Ark Invest sold 34,261 shares through its ARK Next Generation Internet ETF (ARKW). 
Cathie Wood and Ark Invest's trade activity from today 12/19 <a href="https://t.co/8nTiwlX9ce">pic.twitter.com/8nTiwlX9ce</a> 
— Ark Invest Daily (@ArkkDaily) <a href="https://twitter.com/ArkkDaily/status/1737277276478152820?ref_src=twsrc%5Etfw">December 20, 2023</a> 
On Tuesday, Ark also sold 121,100 shares of Robinhood, the retail-investor-centric trading platform, through its Ark Fintech Innovation ETF (ARKF). 
The transaction was valued at $1.6 million as Robinhood shares registered an uptick, closing 10.4% higher at $13.17 for the day. This surge was notably linked to positive market momentum as Bitcoin continued to trade above $42,500. 
As reported earlier, Ark <a href="https://cryptonews.com/news/cathie-wood-ark-invest-sells-27-6-million-in-gbtc-shares.htm">sold 809, 441 Grayscale Bitcoin Trust (GBTC) shares</a> worth $27.6 million from its Next Generation Internet (ARKW) exchange-traded fund (ETF) on Monday, the biggest sale in more than a year.

ARK Invest Sells Another $5.52M in Coinbase Shares as COIN Surges 107% Since November

Cryptonews.com

Other articles published on Dec 20, 2023

Spot Bitcoin ETFs Set to Revolutionize Wall Street: Michael Saylor!

International Regulatory Body Issues Policy Recommendations for Decentralized Finance

Exploring Familiar Terrain: Challenges of Total Market Capitalization

Vortex Foundation: An Insight in Top Tier Market Making

How Much Can AI Really Change? Examining Operational Impact

VeChain (VET) Rises More Than 7% In 24 hours

Join our free newsletter for daily crypto updates!