Amid A Crypto Rally, Cathie Wood's Ark Invest Sells Nvidia, Coinbase, Grayscale Bitcoin Trust, Buys Moderna Shares

Benzinga2023-10-24

On Monday, Cathie Wood-led Ark Invest made a notable move by selling shares of Coinbase Global Inc amid a surge in Bitcoin prices. At the time of writing, the apex cryptocurrency was seen trading at $...

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At the time of writing, the apex cryptocurrency was seen trading at $...</p>\n\n<a href=\"https://www.benzinga.com/23/10/35386552/amid-a-crypto-rally-cathie-woods-ark-invest-sells-coinbase-grayscale-bitcoin-trust-buys-robinhood-sh\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MRNA","symbol_name":"Moderna, Inc.","start_time":0,"source_url":"https://www.benzinga.com/23/10/35386552/amid-a-crypto-rally-cathie-woods-ark-invest-sells-coinbase-grayscale-bitcoin-trust-buys-robinhood-sh","article_id":"1151232334","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1151232334","pubTimestamp":1698138365,"columns":[],"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"On Monday, Cathie Wood-led Ark Invest made a notable move by selling shares of Coinbase Global Inc amid a surge in Bitcoin prices. 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The transaction was valued at $3.3 million, based on Coinbase’s closing price of $77.21 on Monday.More than a month ago, Coinbase’s CEO Brian Armstrong confirmed the implementation of Bitcoin’s Lightning Network for faster and cheaper transactions. Cathie Wood applauded this move, highlighting the significance of Lightning as Bitcoin’s payment layer and its potential to offer Coinbase’s vast user base quicker and more affordable Bitcoin transactions. Armstrong’s announcement was a response to a query from Jack Dorsey, emphasizing the importance of the Lightning Network in enhancing Bitcoin’s transaction capabilities.Furthermore, Ark Invest also made a move with the Grayscale Bitcoin Trust by selling 100,739 shares through ARKW. The transaction was valued at $2.5 million, based on GBTC closing price of $24.70 on Monday.Cathie Wood has previously expressed her belief in Grayscale Investments as a significant component of Barry Silbert’s Digital Currency Group. 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