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$66,058.00 -2.16081
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$3,448.90 -0.82566
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BNB
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$584.94 -0.91801
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$173.69 -2.92938
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$0.6040820 -1.54976
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$0.0000171 -2.85789
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$0.0000122 0.33204
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$0.0000282 -4.01421
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Bitcoin (BTC)
$66,058.00 -2.16081
Bitcoin price
Ethereum
Ethereum (ETH)
$3,448.90 -0.82566
Ethereum price
BNB
BNB (BNB)
$584.94 -0.91801
BNB price
Solana
Solana (SOL)
$173.69 -2.92938
Solana price
XRP
XRP (XRP)
$0.6040820 -1.54976
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -2.85789
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.33204
Pepe price
Bonk
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$0.0000282 -4.01421
Bonk price
Bitcoin
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$66,058.00 -2.16081
Bitcoin price
Ethereum
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$3,448.90 -0.82566
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BNB
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$584.94 -0.91801
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Solana
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$173.69 -2.92938
Solana price
XRP
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$0.6040820 -1.54976
XRP price
Shiba Inu
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$0.0000171 -2.85789
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 0.33204
Pepe price
Bonk
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$0.0000282 -4.01421
Bonk price
Bitcoin
Bitcoin (BTC)
$66,058.00 -2.16081
Bitcoin price
Ethereum
Ethereum (ETH)
$3,448.90 -0.82566
Ethereum price
BNB
BNB (BNB)
$584.94 -0.91801
BNB price
Solana
Solana (SOL)
$173.69 -2.92938
Solana price
XRP
XRP (XRP)
$0.6040820 -1.54976
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -2.85789
Shiba Inu price
Pepe
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$0.0000122 0.33204
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Bonk
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$0.0000282 -4.01421
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ARK Invest sells $33m in Coinbase shares, $5.9m in GBTC

ark-invest-sells-33m-in-coinbase-shares-5-9m-in-gbtc
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ARK Invest sells $33m in Coinbase shares, $5.9m in GBTC

Cathie Wood’s ARK Invest sold 237,572 Coinbase (COIN) shares for $33 million and 168,127 Grayscale Bitcoin Trust (GBTC) shares worth about $5.9 million.

On Dec. 5, ARK Invest, led by Cathie Wood, sold $33 million in Coinbase (COIN) stock after the crypto exchange’s shares reached a 19-month peak in a move analysts connect to the recent uptick in Bitcoin (BTC) price.

The sale involved a total of 237,572 COIN shares, distributed across three of ARK’s exchange-traded funds (ETFs): ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF).

During the trading day, COIN shares reached a high of $147.86 but eventually settled at $140.20, marking a slight decline of 0.63%.

Additionally, ARK offloaded 168,127 shares from Grayscale’s Bitcoin Trust (GBTC), valued at approximately $5.9 million. On Tuesday, GBTC shares closed at $35.10, their highest since December 2021.

This recent sale also follows ARK’s previous divestments of Coinbase shares: 37,377 shares ($4.7 million) on Thursday and sales worth $5.3 million and $4.9 million on Dec. 3 and 4.

ARK Invest is known for its strategy of accumulating crypto-related shares when prices are lower and selling them during bullish market trends.

The investment manager’s portfolio adjustment coincides with a significant rise in Bitcoin’s value, which soared past $44,000 in the last 24 hours, reaching heights last observed before the Terra ecosystem downturn in May 2022.

ARK Invest sells $33m in Coinbase shares, $5.9m in GBTC - 1
BTC 24-hour price chart | Source: CoinMarketCap

The leading cryptocurrency has seen a remarkable increase of over 160% year-to-date and is currently trading at around $43,664, per CoinMarketCap data.