Cathie Wood’s ARK Invests in ProShares Bitcoin ETF After Dumping Grayscale Holdings
The investment fund bought $9.2 million worth of BITO shares and also sold $27.6 million worth of Coinbase stock.
The investment fund bought $9.2 million worth of BITO shares and also sold $27.6 million worth of Coinbase stock.
Cathie Wood’s investment firm also sold GBTC stock while increasing its holdings of Block.
ARK offloaded $13M worth of GBTC shares last week.
The firm has sold over $150 million worth of stake in COIN since Dec. 5.
The investment firm has sold the crypto exchange’s stock on all but two trading days this month.
ARK has been consistently selling Coinbase stock in recent weeks. Friday’s is the largest sale since July, when it sold 480,000 shares worth $50.5 million at the time.
The investment management firm sold a total of 237,572 COIN shares across three different exchange-traded funds: ARKK, ARKW and ARKF
The latest price moves in crypto markets in context for Nov. 30, 2023.
The sale of 38,668 COIN shares from the Ark Fintech Innovation ETF follows a similar offload on Monday.
The Ark Fintech Innovation ETF sold 43,956 COIN shares and bought $1.2 million worth of Robinhood stock on Monday.