ARK Sell Tesla and buy into Coinbase

2021-04-15

It is not the first time where ARK bought into a recent listing. But what caught many by surprise is certainly the selling of its favourite $Tesla Motors(TSLA)$to buy into $Coinbase Global, Inc.(COIN)$.

ARK bought COIN into 3 different funds. With this news, Coinbase is already trading at 10% gain premarket.

A pity that I slept before it being trading andwoke up after the post market. I might still nibble a little if it goes near to yesterday closing price. But certainly won’t hold big position for long.

Luckily for most people, Tesla look unaffected now during Pre market with a small 3% gain.

It will certainly be interesting to see how both stocks with perform after the market openlater.

May the market be with you?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

CynDEEEEEE
2021-04-15
CynDEEEEEE
coinbase is doing unexpectedly well
- OutofCBD:
  Market tend to do the unexpected. [Thinking]
Way88
2021-04-15
Way88
This is normal for ARK to trim Tsla for other opty. Ark have to rebalance their weightage for any shares they own to a cap of 10%, if Tsla price were to fall below 10% wt, ARK would scope back
KSGTIGE4
2021-04-15
KSGTIGE4
Do you think coinbase is overpriced right now
Sheow
2021-04-16
Sheow
[Surprised]
RG3
2021-04-15
RG3
[呆住]
Mochizuki
2021-04-15
Mochizuki
No FOMO ?

Leave a comment

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But what caught many by surprise is certainly the selling of its favourite <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>to buy into <a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>.<img src=\"https://static.tigerbbs.com/d6e977e98f082e0384889d298056e92f\" tg-width=\"2436\" tg-height=\"1125\">ARK bought COIN into 3 different funds.&nbsp;With&nbsp;this news, Coinbase&nbsp;is already trading at 10% gain premarket.&nbsp; A pity that I slept before it being trading andwoke up after the post market.&nbsp;I might still&nbsp;nibble a little if it goes near to yesterday closing&nbsp;price. 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