{"id":9224,"date":"2024-01-04T15:29:19","date_gmt":"2024-01-04T15:29:19","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9224"},"modified":"2024-01-04T15:29:19","modified_gmt":"2024-01-04T15:29:19","slug":"ark-invest-continues-to-sell-coinbase-shares","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ark-invest-continues-to-sell-coinbase-shares\/","title":{"rendered":"Ark Invest Continues to Sell Coinbase Shares"},"content":{"rendered":"

Ark Invest continued its sell-off of Coinbase Global Inc. shares on Wednesday, selling another 166,183 shares worth $25.3 million.<\/p>\n

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You might like: Bitcoin ETF Approval Looms as SEC Meets with Exchanges!<\/strong><\/em><\/span><\/a><\/p>\n<\/blockquote>\n

The sale comes after Ark Invest sold over $200 million in Coinbase shares in recent weeks. Coinbase shares closed at $152.24 on Wednesday, down 2.96%, after rising by more than 300% in the past year.<\/p>\n

The U.S.-based cryptocurrency exchange was selected as the crypto asset custodian from among many firms that applied for spot bitcoin exchange-traded funds, including traditional financial institutions such as BlackRock.<\/p>\n

Cathie Wood’s sell-off is a notable development in the dynamics of the cryptocurrency market. The motivations behind Ark Invest’s strategic decision and its potential impact on the market require further analysis.<\/p>\n

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Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube,<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ark Invest continued its sell-off of Coinbase Global Inc. shares on Wednesday, selling another 166,183 shares worth $25.3 million. You might like: Bitcoin ETF Approval Looms as SEC Meets with Exchanges! The sale comes after Ark Invest sold over $200 million in Coinbase shares in recent weeks. Coinbase shares closed at $152.24 on Wednesday, down<\/p>\n","protected":false},"author":1,"featured_media":9225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[1877,535,3255,151,58],"class_list":["post-9224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-ark-invest","tag-blackrock","tag-cathie-wood","tag-coinbase","tag-cryptocurrency"],"yoast_head":"\nArk Invest Continues to Sell Coinbase Shares - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ark Invest continued its sell-off of Coinbase Global Inc. 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