#Coinbase Stock Faces $43.8M Sell-Off From ARK Invest Near All-Time Highs


Cathie Wood's ARK Invest offloaded 124,892 #coinbase shares worth approximately $43.8 million across three ETFs on Monday.


The ARK Innovation ETF sold 77,956 shares while the ARK Next Generation Internet ETF disposed of 29,802 Coinbase positions.


The ARK Fintech Innovation ETF also contributed to the sell-off by reducing its holdings by 17,134 #Coinbase shares.


Coinbase closed down 0.83% at $350.49 despite trading near its all-time closing high of $375.07 set last Thursday.


The stock has gained 42.12% over the past month and 41.16% year-to-date, receiving a significant boost from #Circle's public market debut.


Bernstein analysts recently raised their price target for Coinbase to $510 from $310, citing improved earnings forecasts and growth drivers.


The #selloff comes as ARK continues adjusting its crypto-related stock exposure amid market volatility.

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July 01, 2025 at 12:45 PM
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