ARK Invest solgte yderligere $5.2 mio. i Coinbase-aktier midt i 18-måneders høj

ARK Invest, one of the companies that filed an application for a spot Bitcoin exchange-traded fund (ETF), is again taking profits on its Coinbase shares as the stock price surges.

Den 27. november solgte ARK 43,956 Coinbase-aktier fra sin ARK Fintech Innovation ETF, ifølge en handelsmeddelelse set af Cointelegraph. Coinbase-aktien nåede $119.7 per aktie på salgstidspunktet, hvilket giver transaktionen en værdi på $5.3 millioner, viser data fra TradingView.

Coinbase crypto exchange has seen its shares jump to an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States on Nov. 21, 2023.

Læs også: Ark Invest nedskærer Bitcoin Trust Holdings på trods af bullish forudsigelser

Ifølge data fra TradingView er Coinbase-aktien steget med 168 % i løbet af det seneste år, og steget mere end 220 % siden januar 2023. Aktien er stadig faldet omkring 70 % fra dens rekordhøje værdi på 319 $, som blev offentliggjort i september 2021, eller et par stykker. måneder efter sin handelslancering i april 2021.

ARK Invest has been repeatedly selling Coinbase stocks throughout 2023. Cathie Wood’s investment firm previously offloaded 63,675 Coinbase shares in October from its ARK Next Generation Internet ETF (ARKW), totaling $5.1 million.

ARK solgte også aktivt Coinbase-aktier i juli 2023, da aktien handlede omkring $90. Ifølge ARKs handelsdata aflastede firmaet mere end $103 millioner i Coinbase-aktier i juli.

ARK Invest has also been actively selling off Grayscale Bitcoin Trust (GBTC) stock. On Nov. 24, the ARKW dumped 94,624 GBTC shares for roughly $3 million after selling nearly 700,000 GBTC shares in one month.

According to Bloomberg’s ETF analyst Eric Balchunas, ARK’s sales of GTBC are not an indication that the firm is not bullish on Bitcoin or making room for its upcoming spot Bitcoin ETF, the ARK Invest and 21Shares. 

“Neither is true,” Balchunas wrote on X (formerly Twitter) on Nov. 27, referring to his previous observations that ARK was likely selling winners and vice-versa to maintain desired weightings.

Så lige en anden artikel om, hvordan ARK sælger GBTC, og hvordan det betyder, at de ikke er virkelig bullish btc, og/eller de gør plads til ARKB. Heller ikke er sandt. Med ARK skal du se på vægtningshistorikken, før du begynder din fortolkning. FYI https://t.co/GJL6RWKvK2

- Eric Balchunas (@EricBalchunas) November 27, 2023

"Da GBTC er steget med 76 % siden august, er ARK nødt til at sælge mange aktier for at holde en vægtning på 9 %. Og selv med det salg, er vægtningen steget," bemærkede ETF-analytikeren.

Læs også: Cathie Wood’s ARK Sold $6M of Grayscale Bitcoin Trust Shares Amid Rally

While selling Coinbase and GBTC, ARK has concurrently been bagging some crypto-related stocks. On Nov. 27, ARKF acquired 252,421 shares of the crypto-friendly banking app SoFi. 

Year to date, ARK bought a total of 1.6 million SoFi shares, worth $11 million at today’s prices, ifølge to TradingView. ARK has also been accumulating shares of the crypto-friendly investment app Robinhood, buying $1.1 million worth of the stock on Nov. 8.