2019-1-13 08:08 |
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The fund snapped up COIN at an average price of $70.5 in the third quarter, achieving a 40% profit from investment.
Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.
ARK currently owns 11.03 million shares of Coinbase.
Meanwhile, financial services firm Berenberg Capital told Cointelegraph that it viewed Coinbase shares as "uninvestable" in the near term.
Before this sale, ARK Invest owned 9.9 million shares of the crypto exchange worth $575 million.
Coinbase has publicly disclosed that the US Securities and Exchange Commission (SEC) intends to sue the company over a new lending product, dubbed “Lend.” Despite months of effort to engage with the SEC, the largest cryptocurrency trading platform in the US has revealed that it has been left in the dark about how and why […] The post The SEC may sue Coinbase if the exchange offers crypto lending appeared first on CryptoSlate.
Publicly traded crypto exchange Coinbase will purchase over $500 million worth of cryptocurrencies as it looks to become a more crypto-centric company, CEO Brian Armstrong revealed in a tweet this morning.