Posted 12/21/2023, 12:21:00 PM
ARK Invest Sells $24M More Coinbase Stock, Trims Bitcoin Trust As Crypto Prices Rebound
- ARK Invest sold $24M more Coinbase stock in December, taking total sales close to $200M as share price rose
- Coinbase remains above 10% maximum exposure limit in ARK Innovation and Next Gen Internet ETFs
- ARK Next Gen Internet ETF sold more Grayscale Bitcoin Trust shares but bought more Block stock
- Bitcoin Trust discount to net asset value widened slightly to 7.9% but remains near lowest since August 2021
- Bitcoin price crossed $44K for the first time in 10 days