{"id":204252,"date":"2023-12-01T12:35:47","date_gmt":"2023-12-01T07:05:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=204252"},"modified":"2023-12-01T12:35:47","modified_gmt":"2023-12-01T07:05:47","slug":"cathie-woods-ark-invest-sells-15-mln-coinbase-shares-as-coin-price-hit-52-week-high-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cathie-woods-ark-invest-sells-15-mln-coinbase-shares-as-coin-price-hit-52-week-high-crypto-news\/","title":{"rendered":"Cathie Wood’s Ark Invest Sells $15 Mln Coinbase Shares As COIN Price Hit 52-Week High – Crypto News"},"content":{"rendered":"

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Bitcoin bull Cathie Wood\u2019s investment management firm Ark Invest sells more Coinbase (COIN) shares, making the total selloff of COIN shares to $15 million this week. Cathie Wood remains actively bullish on Bitcoin and crypto exchange Coinbase, and the recent offloading is only a part of its investment strategy. ARK Invest funds\u2019 return improves amid market recovery.<\/p>\n

Cathie Wood\u2019s Ark Invest Continues Offloading Coinbase Shares<\/h2>\n

On November 29, Cathie Wood\u2019s Ark Invest fund ARK Next Generation Internet ETF (ARKF) sold 37,377 Coinbase shares worth almost $5 million, according to transactions seen by CoinGape.<\/p>\n

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The move comes as COIN price hit 52-week of $131.42, rallying 180% amid crypto marker recovery. Coinbase stock price soared 65% in a month to hit a 52-week high.\u00a0COIN stock price<\/a> closed 2.43% lower at $124.72 on Thursday.<\/p>\n

Cathie Wood\u2019s Ark Invest funds continues to offload Coinbase (COIN) shares this week. Ark Fintech Innovation ETF (ARKF) sold 43,956 Coinbase shares worth $5 million on November 27 and 37,377 COIN stocks<\/a> on November 29. Cathie Wood\u2019s Ark Investment sold more than 30,000 COIN shares last month and more than 1.5 million shares in the quarter ending September 30.<\/p>\n

Before dumping Coinbase, Ark Invest sold over 550K Grayscale Bitcoin Trust (GBTC) shares amid spot Bitcoin ETF approval\u2019s speculation.<\/p>\n

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Cathie Wood\u2019s Ark Invest funds are trading better than Nasdaq 100 in November as investors bet on US Fed rate cuts. ARK Invest Innovation ETF (ARKK) gained 31% in November, which hasn\u2019t offloaded its largest holding, Coinbase.<\/p>\n<\/p>\n

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Also Read: Terra Luna Classic All Set For Major Upgrade, LUNC And USTC To Rally Further<\/a><\/strong><\/p>\n

Cathie Wood Remains Bullish on Bitcoin<\/h2>\n

Ark Invest CEO Cathie Wood still bullish on Bitcoin amid the crypto market recovery, upcoming Fed pivot, and Bitcoin halving<\/a>. While she offloads Coinbase and Grayscale stocks, buying Robinhood Markets (HOOD) shares becomes her recent best bet as Robinhood expands to the UK.<\/p>\n

Ark Fintech Innovation ETF (ARKF) purchased 221,759 HOOD<\/a> shares on November 29. Ark Invest funds made multiple buys of Robinhood shares.<\/p>\n

Also Read: ETH Price Jumps 2.5%, Analysts Expect $3,500 Amid Ethereum ETF Approval Soon<\/a><\/strong><\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Bitcoin bull Cathie Wood\u2019s investment management firm Ark Invest sells more Coinbase (COIN) shares, making the total selloff of COIN shares to $15 million this week. Cathie Wood remains actively bullish on Bitcoin and crypto exchange Coinbase, and the recent offloading is only a part of its investment strategy. ARK Invest funds\u2019 return improves amid […]<\/p>\n","protected":false},"author":2,"featured_media":175398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-204252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=204252"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204252\/revisions"}],"predecessor-version":[{"id":204254,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204252\/revisions\/204254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175398"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=204252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=204252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=204252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}