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 Buys $20M Worth of Block Shares Amid Crypto Lawsuits
Cathie Wood’s Ark Invest has purchased around $20 million worth of Block shares, formerly Square, as the firm remains bullish on Bitcoin and Coinbase despite SEC lawsuits. Read more Cathie Wood of Ark Invest has added more Block shares to its portfolio, signaling its confidence in the crypto-friendly technology company. According to data provided by […]
Cathie Wood’s Ark Invest Dumps Paypal For Cash App
Cathie Wood opines that Venmo is simply a follower of Cash App, which has more than doubled Venmo’s earnings from about half the number of customers. Cathie Wood, the founder of crypto investment firm Ark Invest, has sold all of the firm’s PayPal assets and expressed higher confidence in the long-term growth of the Cash […]