Ark of Cathie Wood downloaded millions in Coinbase shares and her own ETF Bitcoin

By Hannah Pérez

Cathie Wood’s investment firm sold Coinbase again when the price reaches the USD $ 400 for the first time. He also sold from his own ETF Bitcoin in cash, ARKB.

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• Cathie Wood’s investment firm re -sold Coinbase.
• Coin reached a top of USD $ 400 momentarily on Tuesday in the midst of price increase.
• Ark Invest also discharged actions of his own ETF Bitcoin in cash, ARKB.
• The firm sells at bull times and accumulates in bearish times.

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ARK InvestCathie Wood’s investment firm sold shares of Coinbase (COIN) and its own bottom quoted in stock market (ETF) Bitcoin in cash amid a rebound in the cryptocurrency market.

Tuesday, ARK downloaded 34,207 actions of cryptocurrency exchange Coinbasefor a value of around USD $ 13.3 million, as reported The Block. The sale coincided with a new price stop for Coin, which was negotiated yesterday at USD $ 400 momentarily. The actions of Coinbase They closed to USD $ 388, 1.2% lower on Tuesday.

Wood’s company also got rid of 225,742 Arkb shares, its ETF in cash Bitcoin which is negotiated in the US Stock Exchange, worth USD $ 8.7 million. Both lots of shares left their ETF Next Generation Internet (ARKW) background.

ARKB, which offers investors direct exposure to Bitcoinhas kneaded net tickets for almost USD $ 3 billion since its launch in January 2024, and keeps active under management (AUM) per USD $ 5.8 billion, according to data from Sosovalue.

While it is one of the ETFs Bitcoin larger in the group, ARKB is still considerably lower than Ibit of Blackrockwith tickets for more than USD $ 55 billion and a record aum of USD $ 84 billion.

Bitcoin (BTC) a new high -price historical maximum of USD $ 123,000 on Monday was secured in the midst of a broader upward action in the market. The top of Bitcoin In the graphics it has contributed to the flow of continuous and elevated entrances between the ETFs Bitcointhat yesterday marked their 9th consecutive entrance, totaling USD $ 4.4 billion in the period.

The ETF Bitcoin UU Cash. UU. They have accumulated tickets for USD $ 53 billion in their 18 months of negotiation and are now a market with a set of USD $ 150 billion. ARKB data for Tuesday were not updated in Sosovalue.

Wood’s investment firm takes advantage of the bullish moments to sell and buy in the bearish season with the intention of recovering the portfolios of its investment funds. In recent weeks, Coin has been downloading in the midst of price increase.

The investment strategy of ARK Its objective is not to allow any individual participation to occupy more than 10% of the portfolio portfolio. This is to maintain diversification, so your funds are constantly rebalancing.

Coin is the second largest assignment within the bottom Arkw of ARKwith a 7.9%weighting. Robinhood It is the greatest participation representing 8%, while the ETF Bitcoin It is the fourth largest allocation, with a weighting of 7.2%. Tesla and Roblox They constitute the rest of the first five positions of the fund, according to the report.

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Hannah Estefanía Pérez / Diariobitcoin

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