Bitcoin bull Cathie Wood\u2019s investment management firm Ark Invest<\/strong> offloads additional holdings of\u00a0Coinbase<\/strong> shares, the sixth selloff of COIN shares as the price continues to rally amid tremendous recovery in the crypto market. Meanwhile, Ark Invest\u2019s various funds continue to buy Robinhood Markets<\/strong>\u00a0(HOOD)\u00a0<\/strong>in anticipation of huge moves.<\/p>\n Cathie Wood\u2019s Ark Invest funds purchased 10,218 Coinbase (COIN) shares worth $1.4 million, according to transactions seen by Coin Gape. The move comes as Ark Invest continues to sell COIN shares as price rally 19-week high.<\/p>\n <\/p>\n ARK Innovation ETF (ARKK) sold 7,248 Coinbase shares and ARK Fintech Innovation ETF (ARKF) sold 2,970 COIN stocks.<\/p>\n Coinbase (COIN<\/a>) stock price closed 5.48% higher at $141.09 on Monday, after hitting another high of $146.30. The price rallied 16% in a week and 63% in a month.<\/p>\n On Nov 30, ARK Next Generation Internet ETF (ARKW) sold 37,377 COIN shares<\/a>. In addition, 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.<\/p>\n <\/p>\n The crypto market rally has improved Ark Invest funds\u2019 performance. With market sentiment remaining higher, the crypto market will continue to rally.<\/p>\n <\/p>\n Also Read: Binance Launches Zero-Fee Trading For XRP, ETH, SOL, DOGE, LINK, BNB<\/a><\/strong><\/p>\n While Cathie Wood\u2019s funds offloaded some crypto shares, the firm kept buying Robinhood (HOOD) shares. Last week, Ronhood also announced expansion to the United Kingdom<\/a> as part of strategy to grab the market share. The firm saw 75% rise in November amid spot Bitcoin ETF anticipation.<\/p>\n ARK Fintech Innovation ETF (ARKF) purchased 14,702 Robinhood shares as price jumped 15% in a week. HOOD price<\/a> closed 2.47% higher at $9.55, but rally 4.40% after hours. The price is expect to open higher on Tuesday.<\/p>\n Cathie Wood said<\/a> Defense Department adopting Bitcoin as an \u2018offset strategy\u2019 due to potential in cyber warfare and defense indicates \u201csignificant proof of concept for Bitcoin!\u201d<\/p>\n Also Read: <\/strong>Meta And IBM Launch AI Alliance Amid OpenAI Challenges<\/a><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n <\/p>\n <\/p>\n<\/section>\n<\/div>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nCathie Wood\u2019s Ark Invest Sells Coinbase (COIN) Shares<\/h2>\n
Cathie Wood Bags More Robinhood Shares<\/h2>\n
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