Cointime

Cointime

Download App
iOS & Android
Home / Data

ARK Invest sells $25M worth of Coinbase shares

Cathie Wood's ARK Invest sold over $25 million worth of Coinbase (COIN) stock from its two exchange-traded funds (ETFs) on Wednesday. The investment firm sold a total of 166,183 COIN shares from its Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW), valued at $25.3 million based on the closing price of the cryptocurrency exchange.

Ark Invest Coinbase
Comments

All Comments

Recommended for you

  • WIF falls below $3.5

    market shows WIF has fallen below $3.5 and is now trading at $3.49, with a 24-hour decline of 7.43%. The market is volatile, please manage your risks.

  • Altcoin weekly trading volume exceeds $300 billion, reaching a new high since 2021

    According to Kaiko data reported the weekly trading volume of the top 50 altcoins (excluding stablecoins) has surged to over 300 billion US dollars for the first time since 2021. Among them, DOGE, XRP, SOL, and PEPE account for 60% of the total trading volume.

  • Bitcoin's correlation with U.S. stocks drops to five-year low

     data shows that in 2024, Bitcoin and the Nasdaq index will only have a 52% correlation in the same direction, with a 30-day correlation dropping to 0.46, one of the lowest levels in the past five years. According to Fidelity data, the correlation between Bitcoin and the S&P 500 index is only 19%, making it the best performing asset class in terms of Sharpe ratio.

  • BAN briefly breaks through $0.4

    According to market data reported , BAN has surged to $0.4 per coin in the short term due to the news of Binance launching BANUSDT perpetual contracts. The current price is $0.3227, representing a 24-hour increase of 97.89%.

  • CoinShares: Digital asset investment products saw net inflows of $2.2 billion last week

    According to the latest weekly report from CoinShares, the inflow of funds into digital asset investment products increased by a further $2.2 billion last week, bringing the total inflow of funds since the first interest rate cut in September to $11.7 billion, and the total inflow of funds so far this year has reached a record-breaking $33.5 billion. Recent market activity, especially Bitcoin's breakthrough to a new historical high, has pushed the total asset under management (AuM) to a new high of $138 billion earlier this week. Ethereum seems to have shaken off negative sentiment, with inflows of $646 million (5% of AUM), possibly due to Justin Drake's Beam Chain network upgrade proposal and the recent US election. Solana also saw inflows of $24 million.

  • Tesla rose more than 5% before the market opened

    Tesla rose more than 5% in after-hours trading. Earlier reports stated that Trump may seek to relax restrictions on autonomous driving cars, and Musk is laying out plans for "fully autonomous" driving.

  • Solana's market value exceeds Sony and Medtronic, and its global asset market value ranking rises to 165th

    According to 8marketcap data, Solana's market value has reached $112.31 billion, surpassing Sony and Medtronic, and ranking 165th in the global asset market value rankings.
  • Cointime精选 ·

    Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

    Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
    Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

  • Coinbase Chief Legal Officer: US SEC blocks Coinbase’s request to disclose Gary Gensler’s communication documents

    Paul Grewal.eth, the Chief Legal Officer of Coinbase, wrote on the X platform that the issues of Chevron and Binance's secondary sales have been clarified, but in Coinbase's lawsuit, the U.S. Securities and Exchange Commission (SEC) has prevented Coinbase from requesting the disclosure of Gary Gensler's communication documents. In March 2021, Gary Gensler told the U.S. Congress that the SEC lacked regulatory authority over digital asset exchanges, confirming the long-held belief among market participants that digital asset trading on these exchanges is not within the jurisdiction of securities law. Coinbase has requested that Gary Gensler provide documents related to these communications because they are related to how the SEC's enforcement actions violate the due process requirements of the Constitution, but the SEC and Gary Gensler are trying to prevent the disclosure of these documents.

  • The listing of spot ETFs has caused Coinbase's Bitcoin reserves to decline rapidly since February

    CryptoQuant disclosed on X platform that the listing of Bitcoin spot ETF caused the Bitcoin reserves of Coinbase exchange to rapidly decline since February. Data shows that on February 18, 2024, Coinbase's Bitcoin reserves were about 1,044,997 BTC, but now this indicator has decreased to 878,000 BTC, a decrease of about 167,000 BTC.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company