Ark Invest has unloaded nearly $ 43.8 million in Cryptocurrency Exchange Coinbase shares (COIN) Monday.
The sale follows similar movements last week for a total of 270,984 actions of parts of unloaded parts in the last three days of negotiation, worth just under 95 million dollars depending on the closing price on Monday of $ 350.49.
Coinbase shares reached a record summit of more than $ 380 on June 26, which required Ark sales. Cathie Wood’s investment management company has a target weighing of its stock market negotiated funds (ETF)by which no individual attire exceeds 10% of its total value.
This leads to a tendency to sell a large number of specific shares when their prices gather and acquire them when they dive.
Ark has a coin in three of his ETFs: innovation (Arkk)Next generation Internet (Arkw) and Innovation Fintech (Arkf).
Find out more: Ark Invest continues to empty Circle, Robinhood and Coinbase actions buys
