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Coinpedia
2024-01-08 11:13:25

ARK Invest Sells $20.6M in Coinbase Shares: Profit-Taking or Portfolio Shift?

The post ARK Invest Sells $20.6M in Coinbase Shares: Profit-Taking or Portfolio Shift? appeared first on Coinpedia Fintech News ARK Invest has sold an additional $20.6 million worth of Coinbase shares across three of its exchange-traded funds (ETFs). The company divested a total of 133,823 COIN shares, with each share closing at $153.98 last week. This action follows Coinbase’s stock more than doubling in price during the final quarter of 2023, leading ARK to …

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