Posted 12/14/2023, 1:59:00 PM
ARK Invest Sells $42 Million in Coinbase Stock Amid Crypto Rebound
- Cathie Wood's ARK Invest sold $42.6 million worth of Coinbase stock on Wednesday as part of ongoing year-end selling
- Coinbase remains top 10 holdings in ARK Innovation and Next Generation Internet ETFs
- Coinbase announced plans to offer spot BTC and ETH trading to institutional clients starting Dec 14
- Cryptocurrency prices rallied Wednesday after Fed forecast 3 rate cuts in 2024, boosting bitcoin over $43K
- Coinbase stock jumped nearly 8% to highest level since April as crypto assets continue rebounding