{"id":75978,"date":"2023-03-22T12:15:00","date_gmt":"2023-03-22T10:15:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75978"},"modified":"2025-09-10T14:44:56","modified_gmt":"2025-09-10T11:44:56","slug":"ark-invest-unloads-coinbase-shares-for-13-5-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ark-invest-unloads-coinbase-shares-for-13-5-million\/","title":{"rendered":"ARK Invest unloads Coinbase shares for $13.5 million"},"content":{"rendered":"<p>The flagship ARK Invest fund, Ark Innovation ETF (ARKF) <a href=\"https:\/\/ark-funds.com\/ark-trade-notifications\/\">sold<\/a> 160,887 Coinbase shares for about $13.5 million.<\/p>\n<p>The move followed Coinbase&#8217;s shares jumping 34.1% over the past week.<\/p>\n<p>Since the start of the year, Coinbase shares have risen 137.33%; on a year-to-date basis, they are trading down 54.8%.<\/p>\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"326\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-123-1024x326.png\" alt=\"image-123\" class=\"wp-image-201962\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-123-1024x326.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/image-123-300x96.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image-123-768x245.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/image-123.png 1293w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/finviz.com\/quote.ashx?t=COIN&#038;ty=c&#038;ta=1&#038;p=d\">Finviz<\/a>.<\/figcaption><\/figure>\n<p>In October 2022, the management company bought the exchange&#8217;s securities for the first time since June. In November for these purposes ARK Invest structures spent another <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invests-kathy-wood-increases-coinbase-stake-by-21-4-million\">$21.4 million<\/a>, in December \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invest-buys-more-coinbase-shares-for-about-3-million\">$3 million<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invests-cathie-wood-adds-another-5-million-to-coinbase-shares\">$5 million<\/a>.<\/p>\n<p>In February 2023, the firm invested in the platform <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invest-buys-more-coinbase-shares-worth-about-6-7-million\">$6.7 million<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invests-cathie-wood-allocates-9-3-million-toward-coinbase-shares\">$9.27 million<\/a>. By the end of the month ARK Invest purchased Coinbase shares worth <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invests-cathie-wood-buys-coinbase-shares-worth-about-3-9-million\">$16.9 million<\/a>.<\/p>\n<p>In March the organization <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invests-cathie-wood-buys-coinbase-and-robinhood-shares-for-13-4-million\">directed<\/a> toward these aims an additional $3.44 million.<\/p>\n<p>Earlier, ARK Invest<a href=\"https:\/\/u1f987.com\/en\/news\/ark-invest-raises-16-3-million-for-private-crypto-funds\"> raised<\/a> $16.3 million for cryptocurrency funds.<\/p>\n<p>Amid turbulence in <\/a><span data-descr=\"traditional finance\" class=\"old_tooltip\"><a href=\"https:\/\/u1f987.com\/en\/news\/us-rescue-saves-svb-and-signature-bank-depositors-stablecoins-narrow-the-depegging\">TradFi<\/a> <\/span> pointed to <a href=\"https:\/\/u1f987.com\/en\/news\/experts-point-to-bitcoins-appeal-amid-banking-crisis\">the potential of cryptocurrencies<\/a> as a substitute for traditional banking.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The flagship ARK Invest fund Ark Innovation ETF (ARKF) sold 160,887 Coinbase shares for about $13.5 million.<\/p>\n","protected":false},"author":1,"featured_media":75979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1218,138],"class_list":["post-75978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-coinbase"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=75978"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75978\/revisions"}],"predecessor-version":[{"id":75980,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75978\/revisions\/75980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/75979"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=75978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=75978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=75978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}