Ark Invest liquidates Coinbase shares, buys Robinhood & Meta shares

Ark Invest liquidates Coinbase shares, buys Robinhood & Meta shares
фото показано с : invezz.com

2023-7-15 15:32

Ark Invest, the investment management company run by Cathie Wood, has sold some of its holdings in Coinbase as the stock price approaches a 52-week high. Ark Invest sold off a portion of its Coinbase shares holdings for millions of dollars twice this week after buying them during the bear market. It then went ahead to buy Robinhood and Meta shares.

Transaction records reveal that Cathie Wood’s Ark Invest funds sold 478,356 shares for a total of $53 million on July 14, when Coinbase (NASDAQ:COIN) hit a new annual high of $114.43. At $114.43, the price of COIN had risen 33% from its previous low this week and 213% from its yearly low.

Cathie Wood’s Coinbase shares liquidation

Cathie Wood’s flagship funds ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) sold 263,247 COIN shares, 93,227 COIN shares, and 35,666 COIN shares respectively.

Previously on July 11, ARK Fintech Innovation ETF (ARKF) sold 160,887 Coinbase shares (worth $12 million), while ARK Innovation ETF (ARKK) sold 135,152 Coinbase shares.

The recent Coinbase liquidation by Cathie Wood’s funds followed the ruling in the Ripple case that caused Coinbase and other stocks with a crypto focus to increased. However, the price of COIN shares fell to $105.31 on Friday.

Cathie Wood banks on Robinhood and Meta shares

Cathie Wood started buying Meta shares when Meta Platforms announced the launch of “Threads,” a social networking site akin to Twitter that has since attracted more than 100 million users.

After offloading some of her investment in Coinbase, Cathie Wood’s Ark Invest funds on Friday invested in Meta Platforms Inc. (NASDAQ:FB) and Robinhood Markets Inc. (NASDAQ:HOOD) on Friday.

The ARK Fintech Innovation ETF (ARKF) acquired 111,843 shares of Robinhood, while the ARK Innovation ETF (ARKK) purchased 69,793 shares of META. ARK Next Generation Internet ETF (ARKW) also holds 12,559 META shares and 169,116 Robinhood shares.

The post Ark Invest liquidates Coinbase shares, buys Robinhood & Meta shares appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

KuCoin Shares (KCS) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $9.9109
Капитализация $0 Rank 99999
Цена в час новости $ 6.1691 (-100%)

shares coinbase invest ark sold holdings millions

Источник: invezz.com

shares coinbase → Результатов: 126


Фото:

Grayscale rolls out an ETF that tracks shares of firms involved with BTC

Leading crypto asset management firm Grayscale Investments has rolled out an exchange-traded fund (ETF) that comprises shares of 22 public companies that are deeply vested in the crypto space. A report unveiled this news earlier today, noting that the product is dubbed Future Finance ETF and comprises shares of companies like PayPal, Block, Coinbase, and […] The post Grayscale rolls out an ETF that tracks shares of firms involved with BTC appeared first on Invezz.

2022-2-4 00:56


Are Coinbase shares an indirect way for institutions to invest in Bitcoin and other cryptos

The flow of institutional investment into the Bitcoin and cryptocurrency industry was a welcome change that marked the previous year. With industry behemoths like Microstrategy and Tesla going bullishThe post Are Coinbase shares an indirect way for institutions to invest in Bitcoin and other cryptos appeared first on AMBCrypto.

2021-8-26 04:00


Фото:

Coinbase CFO on Q2 results: “we’re building deep roots with institutional clients”

Coinbase Global Inc (NASDAQ: COIN) reported better than expected results for its fiscal second quarter on Tuesday, after the bell. Shares of the company were seen about 7% up this morning. CFO Haas discusses earnings on CNBC’s “Squawk Box” Discussing earnings on CNBC’s “Squawk Box”, CFO Alesia Haas acknowledged that Coinbase benefitted greatly from the […] The post Coinbase CFO on Q2 results: “we’re building deep roots with institutional clients” appeared first on Invezz.

2021-8-13 22:52


Фото:

Coinbase price opens 6% higher a day after its blockbuster listing – here are levels to watch

Shares of Coinbase Global (NASDAQ: COIN) have gapped up about 6% on Thursday after closing 31% higher compared to the reference price on its first day as a publicly-traded stock. Fundamental analysis: Volatile trading Shares of the company opened at $381 per share on its first day of trading, 52% higher than its reference price […] The post Coinbase price opens 6% higher a day after its blockbuster listing – here are levels to watch appeared first on Invezz.

2021-4-15 16:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Robinhood lists all 11 spot Bitcoin ETFs as Vanguard restricts users

In a swift move, Robinhood has fulfilled its commitment to users as all 11 spot Bitcoin ETFs approved by the SEC are now live on the platform. However, amid the excitement, Vanguard has taken a different stance, announcing on Thursday that users with its brokerage accounts won’t be able to buy the spot Bitcoin ETFs. […]