Bitcoin
Bitcoin (BTC)
$62,731.00 4.43076
Bitcoin price
Ethereum
Ethereum (ETH)
$3,344.56 4.38506
Ethereum price
BNB
BNB (BNB)
$561.98 4.4782
BNB price
Solana
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$152.47 4.48946
Solana price
XRP
XRP (XRP)
$0.5328230 0.21372
XRP price
Shiba Inu
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$0.0000179 3.06688
Shiba Inu price
Pepe
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$0.0000095 4.89617
Pepe price
Bonk
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$0.0000242 2.39099
Bonk price
Bitcoin
Bitcoin (BTC)
$62,731.00 4.43076
Bitcoin price
Ethereum
Ethereum (ETH)
$3,344.56 4.38506
Ethereum price
BNB
BNB (BNB)
$561.98 4.4782
BNB price
Solana
Solana (SOL)
$152.47 4.48946
Solana price
XRP
XRP (XRP)
$0.5328230 0.21372
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 3.06688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 4.89617
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.39099
Bonk price
Bitcoin
Bitcoin (BTC)
$62,731.00 4.43076
Bitcoin price
Ethereum
Ethereum (ETH)
$3,344.56 4.38506
Ethereum price
BNB
BNB (BNB)
$561.98 4.4782
BNB price
Solana
Solana (SOL)
$152.47 4.48946
Solana price
XRP
XRP (XRP)
$0.5328230 0.21372
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 3.06688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 4.89617
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.39099
Bonk price
Bitcoin
Bitcoin (BTC)
$62,731.00 4.43076
Bitcoin price
Ethereum
Ethereum (ETH)
$3,344.56 4.38506
Ethereum price
BNB
BNB (BNB)
$561.98 4.4782
BNB price
Solana
Solana (SOL)
$152.47 4.48946
Solana price
XRP
XRP (XRP)
$0.5328230 0.21372
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 3.06688
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 4.89617
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.39099
Bonk price

ARK Invest offloads another $24.3m in Coinbase shares, $3.5m in GBTC

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ARK Invest offloads another $24.3m in Coinbase shares, $3.5m in GBTC

Cathie Wood’s ARK Invest continued to sell Coinbase (COIN) shares for the third consecutive day, despite the crypto exchange’s share price hovering near a 19-month peak.

The investment management company carried out sales of Coinbase shares through its different ETFs, selling 12,474 shares worth $1.7 million from the Fintech Innovation ETF, 5,369 shares valued at $723,000 from the Next Generation Internet ETF, and a substantial 162,579 shares for $21.9 million from the Innovation ETF.

Closing at $134.63 yesterday, Coinbase stock saw a 7% rise over the week, 55% over the month, and a 269% increase year-to-date, reaching an 18-month high, as per Yahoo Finance data.

Adding to the sale of $33.3 million in Coinbase (COIN) shares on Dec. 5 and $1.4 million on Dec. 4, ARK Invest has divested a total of $59 million in Coinbase shares from its funds over this week.

ARK Invest also reduced its holdings in the Grayscale Bitcoin Trust (GBTC), selling 99,595 shares valued at just under $3.5 million at the closing price on Dec. 6. GBTC’s price dipped slightly by 0.51% to close at $34.92. This follows ARK’s sale of 168,127 GBTC shares on Dec. 5, worth about $5.9 million.

The recent activity in GBTC shares comes amidst a notable surge in the value of bitcoin, the underlying asset of the trust.

Over the past week, bitcoin (BTC) has seen a 15% rise, with a 24% increase over the past month and a significant 160% growth year-to-date—currently, bitcoin’s trading price hovers around $43,164, as per the latest data from CoinMarketCap.

ARK Invest offloads another $24.3m in Coinbase shares, $3.5m in GBTC - 1
BTC 24-hour price chart | Source: CoinMarketCap