Crypto Bull Cathie Wood's Ark Invest Offloads Coinbase (COIN) Shares Worth Millions
Despite the US Securities and Exchange Commission (SEC) lawsuit against Coinbase, shares of the crypto exchange kept rallying as spot Bitcoin ETF named Coinbase as their surveillance-sharing partner. advertisement Also Read: XRP Lawyer, Ripple CTO Expect Judge Torres’ Summary Judgment In September Cathie Wood’s Ark Invest Sells Coinbase Shares On July 11, Cathie Wood’s flagship ARK Innovation ETF (ARKK) sold 135,152 Coinbase (COIN) shares worth more than $12 million. This marks the first sale of COIN stocks by ARK Innovation ETF since July 26 last year, according to transactions seen by CoinGape. In March, ARK Fintech Innovation ETF (ARKF) sold 160,887 Coinbase (COIN) shares after a buying streak since last year. Ark Invest is the fourth-largest holder of Coinbase and continues its buying spree since last year despite crypto market volatility, US regulatory crackdown, and bankruptcies in the industry. Recommended Articles ...