ARK Invest sells more Coinbase shares, eyes Meta platforms, Robinhood
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As Coinbase stock reaches a 52-week high, ARK Invest — the investment management firm led by Bitcoin (
As per CoinMarketCap, the closing price of Coinbase stock on Friday stood at $105.31, with a 1.58% decline as investors secured their profits. During the week, the price surged by 33%, reaching a 24-hour high of $114.43, marking a year-to-date increase of 213%. In addition to the overall upswing in crypto-related stocks, Coinbase surged following a summary judgment in the United States Securities and Exchange Commission vs. Ripple lawsuit.
Wood’s ARK Innovation ETF sold 135,152 Coinbase shares worth $12 million on July 11, and ARK Fintech Innovation ETF sold 160,887 Coinbase shares in March.
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