Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow news: Cathie Wood's Ark Invest sold 270,365 shares of Coinbase stock on Monday, worth $68.7 million.
The sale marks one of the largest single-day disposals to date. Last week, Ark Invest sold $150 million worth of Coinbase shares, as the firm continues rebalancing its fund weights amid COIN's price surge. Ark aims to prevent any individual holding from exceeding 10% of its ETF portfolio.
Cathie Wood's Ark Invest sold 270,365 shares of Coinbase on Monday, worth $68.7 million. This marks one of the largest single-day sell-offs, following last week's sale of $150 million in Coinbase shares, as the firm continues to rebalance its fund weights amid COIN's price surge. Ark aims to keep individual holdings in its ETF portfolio below 10%.
Navigating Web3 tides with focused insights
