On Thursday, Cathie Wood-led Ark Invest made a significant move by selling a substantial amount of Coinbase Global Inc (NASDAQ:COIN) shares.
The Coinbase Trade
Ark Invest’s decision to offload $4.7 million worth of Coinbase shares aligns with the recent market trends and Wood’s strategic adjustments in her portfolio. Ark sold a total of 37,377 Coinbase shares through ARK Next Generation Internet ETF (NYSE:ARKW).
This week Wood juggled her crypto portfolio by adding Robinhood shares while offloading Coinbase shares as the frenzy builds around the potential approval of a Bitcoin (CRYPTO: BTC) spot ETF.
This trade is particularly noteworthy given Coinbase’s recent achievement of a new 52-week high, as detailed in a recent Benzinga report.
Other Key Trades:
- Ark Invest purchased 13,018 shares of 10X Genomics Inc (NASDAQ:TXG), reflecting a growing interest in the genomics sector through ARK ...