The post Ark Invest Sell Coinbase, Grayscale Shares, and Buys Robinhood Shares appeared first on Coinpedia Fintech News
The surprising decision by Ark Invest Cathie Wood made a significant move by selling shares of Coinbase Global Inc. amidst a surge in Bitcoin prices. At the time of writing, the apex cryptocurrency was trading at $34,878.65; it had spiked 15.2% over 24 hours.
Ark Invest approximately sold 42,613 shares of Coinbase Global through the ARK Next Generation Internet ETF and the Ark Fintech Innovation ETF. The overall transaction was valued at $3.3 million, based on Coinbase’s closing price of $77.21 on Monday.
Cathie Wood’s investment firm, Ark Invest, sold shares of Grayscale Bitcoin Trust (GBTC) and Coinbase and bought 259,628 shares of Robinhood Markets Inc. on Monday amid an increase in the value of Bitcoin and other cryptocurrencies. 42,613 shares of Coinbase and 100,739 shares of GBTC were sold, valued at $5.8 million based on their respective closing prices. Acc

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