Cathie Wood Trims Coinbase Stake For 2nd Day In Row As Bitcoin Holds Above $56K

Benzinga2021-10-13

Cathie Wood-led Ark Invest on Tuesday further trimmed some of its stake in Coinbase Global Inc on Tuesday, marking the second straight day of sale in the cryptocurrency exchange company’s stock. The ...

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andrew123
2021-10-14
andrew123
Like n comment
sengfuh
2021-10-13
sengfuh
Ok
nick220
2021-10-13
nick220
That great
- sengfuh:
  👍

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Coinbase stock has fallen about 24% since its blockbuster listing on the Nasdaq in mid-April.\nBitcoin is up 10.31% over the past week, trading at $56,382 at press time, and while Dogecoin is down 7.99% for the week, it has seen heightened trading activity that contributes to revenue for Coinbase. Meme coin Shiba Inu is up 52% for the week and is seeing heightened interest as well.\nTwo other Ark exchange-traded funds, the Ark Next Generation Internet ETF and the Ark Next Generation Internet ETF own shares in Coinbase.\nTogether, the three ETFs held 6.27 million shares, worth around $1.60 billion, in Coinbase ahead of Tuesday’s trades.\nHere are some of the other key trades for Ark on Tuesday:\nSold 12,440 shares — estimated to be worth $813,824 — in BYD Co. on the day shares of the Warren Buffett-backed company closed 0.41% lower at $65.42 a share.\nSold 26,901 shares — estimated to be worth $6.88 million — in PayPal Holdings Inc. 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