Cathie Wood's ARK Invest Sells Another $24.3M of Coinbase Shares

Coinbase shares dropped Wednesday from the 19-month high of $147.86 earlier in the week, closing at $134.63.

AccessTimeIconDec 7, 2023 at 9:33 a.m. UTC
Updated Mar 9, 2024 at 2:17 a.m. UTC

Cathie Wood's ARK Invest sold Coinbase (COIN) shares for a third straight day Wednesday as the crypto exchange's share price remained near a 19-month high.

The sale of 180,422 shares would have brought in $24.3 million at the closing price of $134.63. They rose as high as $147.86 on Tuesday. The sales took place from the Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF) exchange-traded funds (ETFs), according to an emailed statement.

The investment management firm also sold 99,595 shares in Grayscale Bitcoin Trust (GBTC), worth just under $3.5 million at Wednesday's closing price. GBTC lost 0.51% to close at $34.92.

Edited by Sheldon Reback.


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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.