Bitcoin
Bitcoin (BTC)
$65,950.00 -2.45721
Bitcoin price
Ethereum
Ethereum (ETH)
$3,488.83 1.26949
Ethereum price
BNB
BNB (BNB)
$582.78 -1.48047
BNB price
Solana
Solana (SOL)
$172.69 -3.71118
Solana price
XRP
XRP (XRP)
$0.5979930 -1.4244
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -3.07863
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 6.21592
Pepe price
Bonk
Bonk (BONK)
$0.0000283 -6.08
Bonk price
Bitcoin
Bitcoin (BTC)
$65,950.00 -2.45721
Bitcoin price
Ethereum
Ethereum (ETH)
$3,488.83 1.26949
Ethereum price
BNB
BNB (BNB)
$582.78 -1.48047
BNB price
Solana
Solana (SOL)
$172.69 -3.71118
Solana price
XRP
XRP (XRP)
$0.5979930 -1.4244
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -3.07863
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 6.21592
Pepe price
Bonk
Bonk (BONK)
$0.0000283 -6.08
Bonk price
Bitcoin
Bitcoin (BTC)
$65,950.00 -2.45721
Bitcoin price
Ethereum
Ethereum (ETH)
$3,488.83 1.26949
Ethereum price
BNB
BNB (BNB)
$582.78 -1.48047
BNB price
Solana
Solana (SOL)
$172.69 -3.71118
Solana price
XRP
XRP (XRP)
$0.5979930 -1.4244
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -3.07863
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 6.21592
Pepe price
Bonk
Bonk (BONK)
$0.0000283 -6.08
Bonk price
Bitcoin
Bitcoin (BTC)
$65,950.00 -2.45721
Bitcoin price
Ethereum
Ethereum (ETH)
$3,488.83 1.26949
Ethereum price
BNB
BNB (BNB)
$582.78 -1.48047
BNB price
Solana
Solana (SOL)
$172.69 -3.71118
Solana price
XRP
XRP (XRP)
$0.5979930 -1.4244
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 -3.07863
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 6.21592
Pepe price
Bonk
Bonk (BONK)
$0.0000283 -6.08
Bonk price

Ark Investment’s Fund makes first Coinbase shares dump in year 

ark-investments-fund-makes-first-coinbase-shares-dump-in-year
Edited by
News
Ark Investment’s Fund makes first Coinbase shares dump in year 

Cathie Wood’s investment management firm Ark Invest (ARK), one of the largest holders of Coinbase shared, has sold off some of its stash, worth over $12 million. 

According to Bloomberg, ARK Innovation exchange-traded funds (ETF), one of the funds managed by Ark Invest, reduced its stake in the cryptocurrency exchange giant Coinbase, by selling 135,152 Coinbase (COIN) shares worth over $12 million based on COIN’s closing of $89.15 per share. 

This is the second time Cathie Wood’s Ark Invest takes advantage of the price surge of Coinbase shares in 2022. ARK Fintech Innovation ETF offloaded over 160,000 shares at over $13.5 million in March.

In June, Ark Invest increased its portfolio by purchasing 419,324 Coinbase shares after the lawsuit by the Securities and Exchange Commission (SEC) against the company caused a 21% decline in its stock. 

Meanwhile, the selloff comes shortly after Coinbase stock witnessed a 16% increase to $92 after the crypto exchange entered a surveillance-sharing agreement with five companies applying for a spot bitcoin ETF.