A whale transferred 400,000 ARKM to Binance 2 hours ago
On February 9th, a whale transferred 400,000 ARKM tokens (worth $1.46 million) to Binance. The whale had previously withdrawn 1 million ARKM tokens from Binance 72 days ago (on December 28, 2023) at a price of $0.61 per token. Then, 24 days ago (on February 15, 2024), the whale transferred 200,000 ARKM tokens to Binance at a price of $0.68 per token. The most recent transfer of 400,000 ARKM tokens to Binance was at a price of $3.67 per token. The whale currently holds 400,000 ARKM tokens (worth $1.46 million) and has realized and unrealized gains of approximately $2.46 million (+403%) on ARKM.
Ark Invest has sold over $100 million worth of Coinbase stock this week
Cathie Wood's Ark Invest sold 204,469 shares of Coinbase stock on Wednesday, worth $48.8 million. So far this week, the company has sold over $100 million worth of Coinbase stock.
Cathie Wood's Ark Invest Continues Selling Spree, Offloads Coinbase Shares as Prices Surge
Cathie Wood's Ark Invest has continued to sell off its holdings of Coinbase shares, as well as Nvidia and Robinhood shares, amid significant price increases. On March 5, Ark Invest sold an additional $24 million worth of Coinbase stock, and last week offloaded $45 million worth of shares as the price hit a 2-year high. The proceeds were used to increase holdings in Tesla, which saw a price drop of almost 10% amid disputes with OpenAI. Ark funds also sold shares in Coinbase, Nvidia, and Robinhood on March 4.
Ark Invest sold $45 million worth of Coinbase shares last week
Cathie Wood's Ark Invest sold 217,305 shares of Coinbase stock last week, worth nearly $45 million at Friday's close. During the same period, Ark also sold $11.4 million worth of Robinhood stock.
ARKB becomes the second largest holding of ARK Invest’s fund ARKW, with a weight of 9%
Nate Geraci, the president of ETFStore, revealed on X platform that the ARK Bitcoin ETF has become the second largest holding in the ARKW fund under ARK Invest, with a weight of 9%. The top three holdings of ARKW are Coinbase stock (COIN), Bitcoin spot ETF ARKB, and Block stock (SQ), which together account for nearly 30% of the weight.
Ark Invest sold $16 million worth of Coinbase shares last week
According to the latest trading documents, Ark Invest sold 96,435 shares of Coinbase stock worth about $16 million for its three exchange-traded funds last week. According to TradingView, Coinbase's stock price was $165.98 at the close of trading on Friday, down nearly 3% that day. Ark Invest also sold 565,491 shares of Robinhood stock worth about $8.2 million last week. On Friday, the stock price for the stock and the cryptocurrency trading app closed at $14.48, up nearly 8% for the week and up 30% in the past month.
ARKM briefly broke through $1.7, hitting a record high
According to market data on February 25th, ARKM broke through $1.7 in a short time and is currently priced at $1.6665, with a 24-hour increase of 30.85%, reaching a new all-time high.
ARK Invest reduced its Coinbase holdings by more than $12 million this week
Cathie Wood's ARK Invest reduced its holdings of Coinbase stock by 72,242 shares this week, worth over $12 million. Coinbase (COIN) stock fell 12.26% this week. On Friday, COIN closed down 2.88% at $165.98 and fell another 0.59% after hours. Despite being bullish on the future of artificial intelligence (AI), ARK Invest reduced its holdings of Nvidia stock again this week. On February 22nd, ARKW sold 5,067 shares of Nvidia stock worth $4 million. Nvidia (NVDA) stock rose 6.41% this week, closing at $788.17 on Friday. In addition, on February 20th, ARKW and ARKF sold 190,413 shares and 104,669 shares of Robinhood stock (HOOD), respectively. On February 22nd, ARK also reduced its holdings of HOOD by 37,312 shares. HOOD's price rose 8.46% this week. On Friday, Robinhood's stock closed up 3.65% at $14.48 and rose another 1.17% after hours. (CoinGape)
ARK Invest reduced its holdings of Robinhood shares by 37,312 shares yesterday
Cathie Wood's ARK Invest sold 2,828 shares of Coinbase stock COIN on Thursday, February 22, worth approximately $483,000; and sold 37,312 shares of Robinhood stock HOOD, worth approximately $521,000.
ARK Invest sold a total of approximately 214,000 Coinbase shares yesterday
Ark Invest Daily data shows that Cathie Wood's ARK Invest sold a total of 214,068 shares of COIN (Coinbase Global Inc) stock yesterday (February 14). Among them, ARKK Fund sold 152,600 shares; ARKW Fund sold 31,459 shares; and ARKF Fund sold 30,009 shares.
