Cathie Wood's Ark Invest sold another 26,743 shares of Coinbase Global Inc. stock. — worth $4.1 million — on Thursday, just one day after $25.3 million worth of Coinbase shares were sold.
Ark Invest continued its selling spree of Coinbase via the ARK Innovation ETF on Thursday, according to its daily trading filing. The ETF bought 132,955 shares of Recursion Pharmaceuticals stock, a deal worth about $1.48 million, on the same day.
The company's ETFs have unloaded more than $200 million in Coinbase shares over the past few weeks.
Coinbase stock closed 2.21% higher at $155.6 on Thursday. It has risen by more than 360% over the past year.
This week, Coinbase began following other cryptocurrency exchanges Requires users in the United Kingdom To fill out the risk declaration form in light of the guidelines issued by the country's financial regulatory body.
Disclaimer: The Block is an independent media outlet that provides news, research and data. As of November 2023, Foresight Ventures is the majority investor in The Block. Foresight Ventures is investing in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is a core program of Foresight Ventures. The Block continues to work independently to provide objective, influential and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
