Cathie Wood-led Ark Invest Sells Coinbase Shares amid Bitcoin Price Surge

Cathie Wood-led Ark Invest offloaded 42,613 shares of US-based crypto exchange Coinbase through ARK Next Generation Internet ETF and ARK Fintech Innovation ETF as the price of Bitcoin closed in on $35,000 on Monday. Coinbase’s shares that Ark Invest sold were valued at around $3.3 million with the closing price of $77.21 on Monday evening.

At the time of writing, Bitcoin is trading at just above $34,400, 12% up in the last 24 hours and 23% up in the last 7 days.

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