ARK INVEST OFFLOOADED nearly $ 43.8 million worth of shares in Cryptocurrency Exchange Coinbase (COIN) Monday.
Sales will follow similar features last week for a total of 270,984 Coin shares read in the last three trading days, worth a little under $ 95 million based on Monday’s closing price of $ 350.49.
Coinbase shares rose to a record height of over $ 380 on June 26, required sales from ARK. Cathie Wood’s Investment Managing Firm has a target weighing its stocked funds (ETFS)whereby no individual attitude exceeds 10% of its total value.
This leads to a trend that sheets sell a large number of specific shares when their prices gather and acquire them when they dip.
Sheet keeps coin in three of its ETFs: Innovation (ARKK)Next generation internet (Arkw) and fintech innovation (ARKF).
Read more: Ark Invest continues to dump Circle Arrange, buy Robinhood and Coinbase
