Cathie Wood's Ark Invest sells more Coinbase shares worth over $50 million
Ark Invest sold 478,356 shares, worth more than $50 million, of Coinbase as the stock continued to rally.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Cathie Wood's Ark Invest sold more Coinbase shares on Friday as the stock continued to rally off the back of rulings in the SEC's case against Ripple.
Ark's flagship fund, Ark Innovation ETF, sold 263,247 shares of Coinbase, according to an update from the fund manager's trading desk on Friday. Its Ark Next Generation Internet ETF sold 93,227 shares, and Ark Fintech Innovation ETF sold 121,882 shares. Together, the sales were worth $50.37 million, based on the stock's closing price of around $105 on Friday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An Unsanctioned Russian Oligarch Says the U.K. Seized His Superyacht to Look ToughThe lawsuit highlights tensions and the use of disproportionate measures to appear tough towards wealthy Russians. 🛥
Read more »
This Actually-Stylish Plus-Size Swimwear Is All Under $50 At TargetThese cute suits from Target are available in more inclusive sizes.
Read more »
The Xbox Series X is on sale for $50 off — an all-time lowApparently, the anti-Prime Day sales live on.
Read more »
NASA scraps $50 million asteroid probe mission, science targets now 'inaccessible'The Janus asteroid probes were originally intended to launch alongside Psyche on a SpaceX Falcon Heavy rocket in October.
Read more »
Former SEC Enforcement Branch Chief Weighs in on Legal Battles Against Celsius, CoinbaseFormer SEC enforcement branch chief and Bragança Law attorney Lisa Bragança discusses the latest developments for U.S. crypto regulation as the regulator takes aim at Celsius and Coinbase. Crypto exchange Coinbase and the SEC are meeting in court for the first time since the federal regulator charged Coinbase with breaching federal securities law in June. Separately, the SEC is suing insolvent crypto lender Celsius Network and former CEO Alex Mashinsky.
Read more »