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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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