ARK Invest has continued selling Coinbase Shares (COIN) with the latest sale of 80,118 shares, worth approximately $13.5 million, on December 22.
As the firm has continued selling assets over the past few weeks, its total offloading has reached over $210 million for this month.
This week’s total sales of $43.5 million are an addition to the firm’s previous two weeks’ consecutive sales of $108 million and $59 million.
In the latest sale, ARK Invest has offloaded a total of 80,118 Coinbase shares, which includes 68,769 shares from the Innovation ETF segment and 11,349 shares from the Next Generation Internet ETF, as per updates on the firm’s official website.
Coinbase stock (COIN) closed nearly at $168, which was up 3.8% for the day. COIN has surged 60% over the past month while recording a gain of 400% through this year, according to market data from TradingView.
Despite these flourishing gains in the COIN price, Ark Invest kept on selling shares with its rebalancing fund weightage.
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