Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cathie Wood's ARK Sells Another $50.5M Coinbase Shares

Cathie Wood's ARK Sells Another $50.5M Coinbase Shares

CoindeskCoindesk2023/07/17 08:31
By:Jamie Crawley

The tech-focused investment manager owns over 10.5 million shares in Coinbase making it one of the largest holders of the stock.

Cathie Wood's ARK Invest sold another $50.5 million worth of Coinbase (COIN) shares on July 14 to cash in on the recent rally in the cryptocurrency exchange stock.

ARK sold over 480,000 COIN shares across three different funds. The tech-focused investment manager owns over 10.5 million shares in Coinbase making it one of the largest holders of the stock.

Coinbase shares recently rose to a one-year high of $107 after the exchange with five spot bitcoin exchange-traded fund applicants, which may prove to be the breakthrough in the Securities and Exchange Commission (SEC) finally approving such a fund to be listed in the U.S.

ARK of COIN shares on July 11 after the stock rallied to a then one-year high of around $89. Shares of Coinbase closed 1.58% lower at $105.31 on Friday.

Read More:

Edited by Parikshit Mishra.


176

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

July 2024: Optimizing Balanced Through New Development

In July, ICON advanced its integration efforts and optimized system performance. Key achievements including completion of audits for Stellar, and contracts for Solana. Looking ahead to August we anticipate the deployment of Sui contracts to mainnet.|

Icon Foundation Blog2024/08/06 11:15
July 2024: Optimizing Balanced Through New Development