ARK Invest offloads another $24.3m in Coinbase shares, $3.5m in GBTC
Cathie Wood’s ARK Invest continued to sell Coinbase (COIN) shares for the third consecutive day, despite the crypto exchange’s share price hovering near a 19-month peak. The investment management company carried out sales of Coinbase shares through its different ETFs, selling 12,474 shares worth $1.7 million from the Fintech Innovation ETF, 5,369 shares valued at $723,000 from the Next Generation Internet ETF, and a substantial 162,579 shares for $21.9 million from the Innovation ETF. Cathie Wood and Ark Invest's trade activity from today 12/6 pic.twitter.com/bfl0E48ynL — Ark Invest Daily (@ArkkDaily) December 7, 2023 Closing at $134.63 yesterday, Coinbase stock saw a 7% rise over the week, 55% over the month, and a 269% increase year-to-date, reaching an 18-month high, as per Yahoo Finance data. Adding to the sale of $33.3 million in Coinbase (COIN) shares on Dec. 5 and $1.4 million on Dec. 4, ARK Invest has divested a total of $59 million in Coinbase...