Crypto News – In line with the company’s most recent trade disclosure, Ark Invest sold 134,749 Coinbase shares on Monday for a total of $30.9 million across three of its exchange-traded funds.
Ark Invest Share Sale: Investment Firm Sells Coinbase Shares Worth $31 Million
In summary, of the Coinbase shares sold yesterday, Ark Invest sold off 72,871 shares ($16.7 million) from its Innovation ETF, 11,015 shares ($2.5 million) from its Next Generation Internet ETF, and 50,863 shares ($11.7 million) from its Fintech Innovation ETF. Amidst a spike in COIN’s price, the investment management company also sold $45 million worth of Coinbase stock last week as part of its ongoing effort to realign its fund weightings. Coinbase’s current market worth is $42.6 billion, based on statistics from The Block.
Record Coinbase Stock Price
Despite the cryptocurrency exchange suffering its second zero balance platform problem in five days, Coinbase’s stock price surged yesterday, reaching its highest level since January 2022.
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