ARK Invest Sells Coinbase, Robinhood Shares for First Time in 2024
Spot Bitcoin exchange-traded fund (ETF) issuer ARK Invest has sold major cryptocurrency-related stocks, including those of Coinbase and Robinhood, for the first time this year. ARK divested 214,068 Coinbase (COIN) shares and 119,394 Robinhood (HOOD) shares from its ETFs on February 14, according to a trade notification that Cointelegraph obtained. The trading firm divested 152,600 […]
Ark Invest Shifts BITO Funds to Strengthen ARKB Spot Bitcoin ETF
Cathie Wood’s Ark Invest has been selling its shares of ProShares Bitcoin Strategy ETF (BITO) to buy more units of Ark 21Shares Bitcoin ETF (ARKB), its own spot Bitcoin ETF. This move shows Ark Invest’s confidence in its active fund management strategy and preference for spot exposure to Bitcoin. Ark Invest swaps BITO for ARKB […]
ARK Invest Sells off 133,000 Coinbase Shares as BTC ETF Approval Nears
Cathie Wood’s ARK Invest sold 133,823 of its Coinbase shares on January 5, bringing the daily closing price from $153.98 to $152.67. A sale of 107,151 Coinbase shares from its ARK Innovation ETF (ARKK), 15,892 shares from its ARK Next Generation Internet ETF (ARKW), and 10,780 shares from its ARK Fintech Innovation ETF (ARKF) were […]
ARK Invest Liquidates Entire GBTC Holdings
Cathie Wood’s investment fund, Ark Invest, sold the Grayscale Bitcoin Trust’s (GBTC) last surviving assets. According to Bloomberg analyst Eric Balchunas, ProShares purchased the BITO Bitcoin (BTC) futures ETF in October 2021 with half the substantial $100 million revenues from the GBTC transaction. He proposed that the acquisition of BITO is probably being used as […]
ARK Invest Sells 43,956 Coinbase Shares Worth $5.2M
Cathie Wood’s ARK Invest has sold another 43,956 Coinbase shares in a transaction worth $5.3 million as the stock hits an 18-month high at $119.7 per share. According to a report, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF on November 27. According to TradingView data, the transaction was worth $5.3 million, […]