Ark Invest, a leading investment firm in the disruptive innovation space, has sold 42,613 Coinbase (COIN) shares and 100,739 Grayscale Bitcoin Trust (GBTC) shares, which were worth around $5.8 million, according to Ark Invest’s trading activity report today.
The sales took place through ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ET, as reported. COIN and GBTC both ended Monday on a high note, with COIN closing at $77.21 and GBTC closing at $24.70.
Taking Profits
Shares of the two companies have risen amid cryptocurrency market euphoria. Bitcoin (BTC) has surpassed $34,000, up over 12% in one day as traders bet on the imminent ETF approval.
As reported on Monday, BlackRock’s spot Bitcoin ETF, officially known as iShares Bitcoin Trust, has been listed on the Depository Trust & Clearing Corporation (DTCC), the organization that provides clearing and settlement services for assets.
Bloomberg ETF…
