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Home»ADOPTION NEWS»Cathie Wood’s Ark Invest Sells $25 Million Worth of Coinbase Stock
ADOPTION NEWS

Cathie Wood’s Ark Invest Sells $25 Million Worth of Coinbase Stock

By Crypto FlexsJanuary 4, 20242 Mins Read
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Cathie Wood’s Ark Invest Sells  Million Worth of Coinbase Stock
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Posted 1 minute ago In ~

Cathie Wood’s Ark Invest announced Wednesday that Coinbase Global Inc. The sell-off continued on Coinbase by selling an additional 166,183 shares, worth $25.3 million.

The ARK Innovation ETF sold 145,048 shares of Coinbase stock on Wednesday, while the ARK Next Generation Internet ETF sold 21,135 shares of the cryptocurrency exchange, according to the companies’ latest trading filings.

This means that the company has already More than $200 million was offloaded. Coinbase stock in recent weeks

Coinbase shares closed Wednesday down 2.96% at $152.24. It has risen more than 300% over the past year.

The US-based cryptocurrency exchange has been selected as the custodian of cryptocurrency assets by traditional financial institutions, including BlackRock, which is one of many companies that have applied for a spot Bitcoin exchange-traded fund.


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.

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