ARK Invest sold off 133,823 shares of Coinbase across three ETFs in its portfolio, accounting for roughly $20.6 million in value as of Jan. 8.
Cathie Wood’s ARK Invest sold a further 133,823 shares of the cryptocurrency exchange Coinbase on Jan. 5 as the stock opened trading for the day at $152.67 and ended at $153.98.
On Jan. 8, The United States-based asset management company posted its trades for Jan. 5 on X (formerly Twitter), which included a sale of 107,151 Coinbase shares from its ARK Innovation ETF (ARKK), 15,892 from its ARK Next Generation Internet ETF (ARKW) and 10,780 from its ARK Fintech Innovation ETF (ARKF).
The recent divestment of Coinbase shares had a total value of roughly $20.6 million, with the stock price hovering around $153.98.
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Source: https://cointelegraph.com/news/ark-invest-dumps-further-133-000-coinbase-shares-as-btc-etf-deadline-looms