2024

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<p class="is-style-lead">Cathie Wood’s investment form Ark Invest has again sold shares of the Coinbase crypto exchange.</p> 
<p>According to the latest data, the deal took place on Jan. 4. Ark Invest sold another 26,743 shares of <a href="https://crypto.news/tag/coinbase/">Coinbase Global</a> Inc. for $4.1 million. The deal comes just days after a massive $25.3 million stock sell-off.</p> 
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   <p lang="en" dir="ltr">Cathie Wood and Ark Invest's trade activity from today 1/4. <a href="https://t.co/leqiCCVX30" target="_blank">pic.twitter.com/leqiCCVX30</a></p>— Ark Invest Daily (@ArkkDaily) <a href="https://twitter.com/ArkkDaily/status/1743078352993583472?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 5, 2024</a>
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<p>The transaction took place through the ARK Innovation ETF. On the same day, the ETF entered into a transaction to purchase an additional 132,955 Recursion Pharmaceuticals shares valued at approximately $1.48 million.</p> 
<p>Coinbase shares rose 2.21% over the last 24 hours to $155.6, according to TradingView data. Shares of Coinbase have grown by almost 350% over the past year.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="518" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-05-at-14.22.08-1024x518.png" alt="Ark Invest offloads another $4m in Coinbase shares - 30" class="wp-image-14234878">
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  Source: TradingView
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<p>Over the past few weeks, the company’s ETFs have sold more than <a href="https://crypto.news/ark-invest-continues-coinbase-sell-off-surpassing-200m-in-december-sales/">$200 million</a> worth of Coinbase shares. In addition, the fund is actively selling shares of the GBTC trust from <a href="https://crypto.news/tag/Grayscale/">Grayscale</a> Investments. Last month, Ark Invest announced it had wholly <a href="https://crypto.news/ark-invest-liquidates-remaining-grayscale-stocks/">sold off</a> these assets.</p> 
<p> You might also like: <a href="https://crypto.news/ark-sells-coinbase-robinhood-shares-amid-impressive-stock-growth/"> ARK sells Coinbase, Robinhood shares amid impressive stock growth </a> </p>

Ark Invest offloads another $4m in Coinbase shares

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