Cathie Wood Dumps $1.8 Million In Coinbase Stock As Bitcoin Nears $110K All-Time High
On Monday, Cathie Wood-led Ark Invest made a notable move by selling shares of Coinbase Global Inc. (NASDAQ:COIN) across its ETFs. This decision comes as Coinbase has been riding a wave of optimism in the cryptocurrency market, fueled by Bitcoin’s (CRYPTO: BTC) ascent and Coinbase’s recent inclusion in the S&P 500.The Coinbase TradeArk Invest’s decision to sell Coinbase shares on Monday involved two of its ETFs: Ark Fintech Innovation ETF (BATS:ARKF) and ARK Next Generation Internet ETF (BATS:ARKW). The ARKF fund offloaded 6,404 shares, while ARKW sold 730 shares. On Monday, COIN ended the day higher by 2.1% at $256.63. The Ark transactions were valued at ...Full story available on Benzinga.com
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Read full article here: https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/45852055/cathie-wood-dumps-1-8-million-in-coinbase-stock-as-bitcoin-nears-110k-all-time-high
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