{"id":86136,"date":"2023-10-24T12:58:38","date_gmt":"2023-10-24T09:58:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86136"},"modified":"2025-09-13T03:36:10","modified_gmt":"2025-09-13T00:36:10","slug":"ark-invest-sold-coinbase-and-gbtc-shares-for-5-8-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ark-invest-sold-coinbase-and-gbtc-shares-for-5-8-million\/","title":{"rendered":"ARK Invest sold Coinbase and GBTC shares for $5.8 million"},"content":{"rendered":"<p>ARK Invest, the Cathie Wood-led investment firm, sold shares of Coinbase and the Grayscale Bitcoin Trust (GBTC) for about $5.8 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Cathie Wood and Ark Invest&#8217;s trade activity from today 10\/23 <a href=\"https:\/\/t.co\/3SilCpHQFG\">pic.twitter.com\/3SilCpHQFG<\/a><\/p>\n<p>\u2014 Ark Invest Daily (@ArkkDaily) <a href=\"https:\/\/twitter.com\/ArkkDaily\/status\/1716607091975008273?ref_src=twsrc%5Etfw\">October 24, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The trades occurred through several of the firm\u2019s funds:<\/p>\n<ul class=\"wp-block-list\">\n<li>ARK Next Generation Internet ETF sold 100,739 GBTC at $24.71 and 32,158 COIN at $77.21;<\/li>\n<li>ARK Fintech Innovation ETF \u2014 10,455 COIN at $77.21.<\/li>\n<\/ul>\n<p>Likely the investment firm is booking profits from the recent crypto rally. On the morning of October 24, Bitcoin <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-tests-35000-as-rally-resumes\">tested the $35,000<\/a> mark. Other top-10-capitalized assets also moved into the &#8216;green zone&#8217; chasing the digital gold.<\/p>\n<p>As of writing, the first cryptocurrency is trading at $34,181, up about 20% over the past week, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/i8kzn_iK-BgJhXADYal73LmdXmvi3PGMAkNc1P3tX5zcQS1lJPFAozLykeyUOQDNObGoKOutZrjsQSf4eLj-54EOoAc8C9QnwedPbkZzMyUolDoqn8YI-UfY_WgcWppDtk_EWg1Eg_7dlDK8U89vsV0\" alt=\"ARK Invest sold Coinbase and GBTC shares for $5.8 million\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.marketwatch.com\/investing\/stock\/coin\">MarketWatch<\/a>, Coinbase quotes are currently trading at a premarket price of $83.85, up 8.6% for the day.<\/p>\n<p>ARK Invest last liquidated Coinbase stock positions in July. At that time the firm <a href=\"https:\/\/forklog.com\/en\/news\/ark-invest-sells-53-million-worth-of-coinbase-shares-at-a-local-high\">sold securities for $53 million<\/a>.<\/p>\n<p>In April, ARK Invest and 21Shares <a href=\"https:\/\/forklog.com\/en\/news\/ark-and-21shares-file-another-bid-for-bitcoin-etf-approval\">filed<\/a> a joint application to launch a spot Bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>. In August the regulator <a href=\"https:\/\/forklog.com\/en\/news\/sec-delays-decision-on-ark-invest-and-21shares-bitcoin-etf-filing\">delayed the decision<\/a> regarding the firms&#8217; proposal. In October the firms <a href=\"https:\/\/forklog.com\/en\/news\/ark-invest-and-21shares-amend-filing-for-a-spot-bitcoin-etf\">made<\/a> several changes to the document.<\/p>\n<p>In August the companies <a href=\"https:\/\/forklog.com\/en\/news\/ark-invest-and-21shares-file-two-ethereum-futures-etfs\">submitted<\/a> a parallel request to launch two Ethereum futures-based exchange-traded funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest, the Cathie Wood-led investment firm, sold shares of Coinbase and the Grayscale Bitcoin Trust (GBTC) for about $5.8 million.<\/p>\n","protected":false},"author":1,"featured_media":86137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1218,1211],"class_list":["post-86136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86136"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86136\/revisions"}],"predecessor-version":[{"id":86138,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86136\/revisions\/86138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86137"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}