Cathie Wood’s investment firm, Ark Invest has offloaded more than $100 million of Coinbase shares (COIN) during the last week – according to the trade filing.Â
The firm has continued selling its COIN holding since the past couple of weeks with its latest sell-off of 335,860 shares on December 8.
The Friday’s selling includes 6,578 shares from its Fintech innovation ETF, 2,367 from Next Generation Internet ETF and 326,925 from Innovation ETF, all combining for a total of $49.2 million.
This Friday’s selling adds to the firm’s selling of $24.3 million on Wednesday, $33.3 million on Tuesday and $1.4 million on Monday – all totaling for approximately $108 million of Coinbase shares sold during the last week.
Alongside Coinbase shares, Ark is also selling its GBTC holding since the past few days. It sold 102,672 GBTC shares on Friday which amount to approximately $3.44 million.
Coinbase share (COIN) is currently trading at $146.62 which is up 57% during the past month, according to data from TradingView.Â
Also Read: Ark Invest Approaches Spot Bitcoin ETF Deadline with SEC
