Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Ark Invest sells additional Coinbase shares and allocates $92 million to ProShares Bitcoin futures-based ETF.
ADOPTION NEWS

Ark Invest sells additional Coinbase shares and allocates $92 million to ProShares Bitcoin futures-based ETF.

By Crypto FlexsDecember 28, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ark Invest sells additional Coinbase shares and allocates  million to ProShares Bitcoin futures-based ETF.
Share
Facebook Twitter LinkedIn Pinterest Email

Cathie Wood’s Ark Invest sold an additional 148,885 shares of Coinbase stock worth about $27.58 million on Wednesday and bought $92 million worth of ProShares Bitcoin Strategy ETF (BITO), according to the company’s latest trading filing.

The ARK Next Generation Internet ETF (ARKW) sold shares of Coinbase on Wednesday. This comes after the company has already sold more than $200 million worth of Coinbase stock over the past month.

On this day, Coinbase’s stock price closed at $185.24, up 7.67%.

The company sold off a large chunk of Coinbase stock this month. We continued to rebalance the fund weights. While stock prices are soaring. Coinbase shares are up 54.6% over the past month. Coinbase is valued at approximately $32 billion, according to The Block’s. data dashboard.

Ark sold 231,102 shares of Jack Dorsey’s Block Inc., valued at $18.4 million, for the Next Generation Internet ETF. Block’s stock price closed at $79.6, up 1.82% on the day. The stock has risen 32% over the past month.

The company also purchased 4,320,928 units of the ProShares Bitcoin Strategy ETF (BITO), a U.S. Bitcoin futures-linked ETF.

“Similarly, ARK is now the second largest holder of BITO. Although this is a temporary parking space. They (and institutions in general) use highly liquid ETFs for transitions like this,” said Eric Balchunas, senior ETF analyst at Bloomberg. post At X.

There is Ark Invest as well as several other asset managers such as Blackrock, Fidelity and Valkyrie. Awaiting potential approval The U.S. Securities and Exchange Commission (SEC) filed the first spot Bitcoin ETF.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

Travala Expands Reservation Support for Solana-Based Properties, Offers SOL Travel Rewards

September 21, 2024

BitMEX launches SWELLUSDT and APUUSDT perpetual swaps with up to 50x leverage

November 16, 2024

UK’s Operation Cronos Successfully Takes Down LockBit Ransomware Group

August 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.