Ark Invest sells $90.58 million of Coinbase shares, while also reducing holdings in Robinhood and Block

according to The Block, Cathie Wood's investment company Ark Invest sold 218,986 shares of Coinbase (COIN) stock worth $90.58 million through its three ETF funds on Monday.

On the same day, Ark also reduced its holdings of Robinhood stock worth $11.46 million and Block stock worth $7 million. Ark's investment strategy limits the holding of a single stock to no more than 10% of the fund's portfolio to maintain investment diversification.

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Ark Invest sells $90.58 million of Coinbase shares, while also reducing holdings in Robinhood and Block

All Comments

Recommended for you

Tether CEO posts job openings, sparking speculation that a mobile encrypted wallet is on the horizon.

Bloomberg analysts: Among the top 25 US equity ETFs with the highest annual inflows, BlackRock IBIT is the only ETF with negative returns.

Hassett's chances of becoming the next Federal Reserve Chairman have once again surged significantly.

China Merchants Bank: The yen carry trade may undergo a sustained reversal, exerting long-term downward pressure on global asset liquidity.

A new address withdrew $2.5 million worth of LINK from Binance.

ETH breaks $3,000

BTC breaks through $89,000

BTC breaks through $88,500

Nasdaq-listed Mangoceuticals plans to launch a $100 million SOL digital asset treasury.

Bitcoin institutional buys flip new supply for the first time in 6 weeks

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