Cathie Wood's ARK Invest Offloads a Further $4.7M Worth of Coinbase Shares

COIN reached its highest level since April 2022 on Monday and remains at 19-month highs.

AccessTimeIconDec 1, 2023 at 9:41 a.m. UTC
Updated Mar 8, 2024 at 5:52 p.m. UTC

Cathie Wood's investment management firm ARK Invest has made its third sale of Coinbase (COIN) stock this week, dropping 37,377 shares worth almost $4.7 million at Thursday's closing price.

Along with sales on Nov. 27 and Nov. 29, ARK has sold around $15 million worth of COIN shares this week from its Next Generation Internet ETF (ARKW).

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  • The crypto exchange's Nasdaq-listed shares reached their highest level since April 2022 at the start of the week, touching $119.77 on Monday. They fell 2.43% on Thursday to close at $124.72, but nonetheless remain at 19-month highs.

    Edited by Sheldon Reback.

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    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.