{"id":228840,"date":"2024-01-13T13:25:37","date_gmt":"2024-01-13T07:55:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=228840"},"modified":"2024-01-13T13:25:37","modified_gmt":"2024-01-13T07:55:37","slug":"cathie-woods-ark-invest-sells-coinbase-robinhood-shares-buys-tesla-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cathie-woods-ark-invest-sells-coinbase-robinhood-shares-buys-tesla-crypto-news\/","title":{"rendered":"Cathie Wood’s Ark Invest Sells Coinbase & Robinhood Shares, Buys Tesla – Crypto News"},"content":{"rendered":"

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Asset management firm Ark Invest founded by Cathie Wood has offloaded Coinbase (COIN)<\/strong> and Robinhood Markets<\/strong> (HOOD) shares worth millions again in the last two spot Bitcoin ETF<\/a> trading days on Thursday and Friday. Meanwhile, Cathie Wood\u2019s Ark Invest funds have purchased Elon Musk\u2019s Tesla (TSLA)<\/strong> shares, further increasing its holdings.<\/p>\n

Cathie Wood\u2019s Ark Invest Sells Coinbase and Robinhood Markets<\/h2>\n

On the first day of spot Bitcoin ETF trading, Cathie Wood\u2019s Ark Invest sold a total of 31,281<\/strong>\u00a0<\/span>Coinbase shares\u00a0<\/strong>worth over $4.5 million, as per trades seen by CoinGape.<\/p>\n

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ARK Innovation ETF (ARKK) sold 26,301 Coinbase shares and ARK Next Generation Internet ETF (ARKW) offloaded 4,980 COIN shares.<\/p>\n

The recent Coinbase selloff spree went in favor of Ark Invest as COIN price<\/a> fell 17% this week as spot Bitcoin ETF comes about as a \u201csell the news\u201d event. Coinbase stock price closed 7.35% lower at $130.78 on Friday.<\/p>\n

In addition, ARK funds offloaded 366,406 Robinhood Markets (HOOD) shares worth over $4 million in the last two days. ARK Innovation ETF (ARKK) sold 342,519 HOOD shares and ARK Next Generation Internet ETF (ARKW) offloaded 23,887 HOOD shares.<\/p>\n

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HOOD price<\/a> closed 5.89% lower at $11.02 on Friday. Robinhood Markets stock price tumbled 7.86% this week amid selloffs due to spot Bitcoin ETFs.<\/p>\n

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Also Read: MicroStrategy\u2019s Michael Saylor Sells More Stocks For Investing Into Bitcoin<\/a><\/strong><\/p>\n

Cathie Wood Turns To Tesla<\/h2>\n

While Ark Invest funds continued to offload crypto shares amid spot Bitcoin ETF trades, they purchased a total of 224,277 Tesla (TSLA) shares <\/strong>worth nearly $50 million in the last 2 days. Cathie Wood started buying Tesla<\/a> shares again in December after selling them for months.<\/p>\n

ARK Innovation ETF (ARKK) bought 188,387 Tesla shares and ARK Next Generation Internet ETF (ARKW) purchased 35,890 TSLA shares.<\/p>\n

TSLA price<\/a> closed at $218.89 on Friday, down 3.67%. Elon Musk\u2019s Tesla stock price dropped 7.32% this week.<\/p>\n

Also Read: Vanguard Escalates Fight Against Bitcoin ETFs, Here\u2019s What Happening<\/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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Asset management firm Ark Invest founded by Cathie Wood has offloaded Coinbase (COIN) and Robinhood Markets (HOOD) shares worth millions again in the last two spot Bitcoin ETF trading days on Thursday and Friday. Meanwhile, Cathie Wood\u2019s Ark Invest funds have purchased Elon Musk\u2019s Tesla (TSLA) shares, further increasing its holdings. Cathie Wood\u2019s Ark Invest […]<\/p>\n","protected":false},"author":2,"featured_media":228841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-228840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/228840","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=228840"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/228840\/revisions"}],"predecessor-version":[{"id":228843,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/228840\/revisions\/228843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/228841"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=228840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=228840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=228840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}