Buğra KOSEMEK 
ARK Invest Company made substantial sales benefiting from the increases in Coinbase and Grayscale Bitcoin Trust shares. In their announcement on Tuesday, they disclosed selling 237,572 COIN shares ($33.3 million) from Coinbase and 168,127 GBTC shares ($5.9 million).
Moreover, they executed significant sales of Coinbase shares from funds like Fintech Innovation ETF, Next Generation Internet ETF, and Innovation ETF. Coinbase shares have recently seen an increase of over 10%. However, they are still trading below 60% of their all-time high.
GBTC shares also experienced a similar surge, parallel to the rise in Bitcoin’s price. Ark’s sales of GBTC came after a significant reduction in the discount to the asset’s net asset value (NAV). The discount to GBTC’s net asset value (NAV) stands at around 10.5% currently.
On Tuesday, Ark also added 9,586 HOOD shares ($100,000) from Robinhood to the Fintech Innovation ETF, supplementing their previous purchases.
You might like: Ark Invest Sold Coinbase and GBTC Shares!! | Coin Engineer
Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.