1 month ago
ARK Invest sold $8.64 cardinal worthy of Coinbase (COIN) shares precocious past week arsenic the crypto exchange's shares pumped to grounds highs.
Cathie Wood's concern absorption steadfast offloaded 5,596 COIN shares from its Next Generation Internet ETF (ARKW) connected Friday, worthy $2.17 cardinal based connected the closing terms of $387.06. That followed Thursday's merchantability of 16,627 shares, worthy $6.47 cardinal arsenic of the day's close, from ARK's Innovation ETF (ARKK).
COIN touched a record precocious supra $395 during Friday trading arsenic bitcoin ascended to an all-time precocious of astir $118,000.
Rallies successful peculiar shares often punctual sizeable income from ARK, which has a people weighting of nary peculiar holding exceeding 10% of an ETF's full value.
COIN is priced astatine $393.50 successful pre-market trading astatine the clip of writing, 1.66% higher than its Friday closing price, arsenic BTC's surge extended to claim a caller all-time precocious supra $122,000.
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