Ark Invest Reduces Coinbase Stake by $90.58 Million, Also Sells Robinhood and Block Holdings
Odaily News Cathie Woods investment firm Ark Invest sold a total of 218,986 shares of Coinbase (COIN) on Monday, with a total value of approximately US$90.58 million, involving its three ETF products: ARKK sold 174,746 shares, ARKW sold 27,663 shares, and ARKF sold 16,577 shares.
The reduction came after Coinbase’s stock price hit an all-time high of over $437 last Friday, when the U.S. House of Representatives passed legislation on stablecoins and a regulatory framework for digital assets.
In addition, ARKW also sold 109,824 shares of Robinhood stock (valued at $11.46 million), and ARKF sold 90,061 shares of Block stock (valued at $7 million). Ark Invest has always followed the strategy of not holding more than 10% of the fund portfolio in a single stock, so it will regularly rebalance its positions based on changes in asset prices. (The Block)
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
This Week's Key Events & Data Preview: Powell Speech, US PCE, and ADP Nonfarm Payrolls
Entity: The AI sector is currently at a relatively low risk of overcrowding, with long-term opportunities still present
The Nikkei 225 Index touched down to 50,000 points, decreasing by 0.54% intraday
The probability of a 25 basis point interest rate cut by the Federal Reserve in December is 87.4%.
Tether CEO Responds to FUD: Tether Q3 Group Equity Close to $30 Billion, with U.S. Treasury Bonds Generating Approximately $500 Million in Monthly Net Income
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]