Cathie Wood's Ark Sells Over $33M Coinbase And Nearly $5.6M Grayscale Bitcoin Trust When Bitcoin Crossed $44K

7
1
Favorite

Cathie Wood's Ark Sells Over $33M Coinbase And Nearly $5.6M Grayscale Bitcoin Trust When Bitcoin Crossed $44K

Benzinga2023-12-06

On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc shares. This strategic decision comes as the ...

Source Link

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.

Report

Comment（1）

44kait88
·2023-12-06
Sounds like she needed some cash.....
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1192797192?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-12-06 13:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1192797192","market":"us","top_or_hot":-1,"title":"Cathie Wood's Ark Sells Over $33M Coinbase And Nearly $5.6M Grayscale Bitcoin Trust When Bitcoin Crossed $44K","media":"Benzinga","content":"<div>\n<p>On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc shares. This strategic decision comes as the ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/23/12/36106000/on-the-day-bitcoin-crossed-44k-cathie-woods-ark-sells-over-33m-in-coinbase-shares-and-nearly-5-6\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Ark Sells Over $33M Coinbase And Nearly $5.6M Grayscale Bitcoin Trust When Bitcoin Crossed $44K</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Ark Sells Over $33M Coinbase And Nearly $5.6M Grayscale Bitcoin Trust When Bitcoin Crossed $44K\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-06 13:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/23/12/36106000/on-the-day-bitcoin-crossed-44k-cathie-woods-ark-sells-over-33m-in-coinbase-shares-and-nearly-5-6><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc shares. This strategic decision comes as the ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/23/12/36106000/on-the-day-bitcoin-crossed-44k-cathie-woods-ark-sells-over-33m-in-coinbase-shares-and-nearly-5-6\">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":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/23/12/36106000/on-the-day-bitcoin-crossed-44k-cathie-woods-ark-sells-over-33m-in-coinbase-shares-and-nearly-5-6","article_id":"1192797192","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192797192","pubTimestamp":1701841224,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc shares. This strategic decision comes as the cryptocu","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","TDOC":"Teladoc Health Inc.","COIN":"Coinbase Global, Inc.","TTD":"Trade Desk Inc.","VEEV":"Veeva Systems Inc.","TOST":"Toast, Inc.","SOFI":"SoFi Technologies Inc."},"translate_title":"当比特币突破4.4万美元时，凯西·伍德的方舟出售超过3300万美元的比特币基地和近560万美元的灰度比特币信托","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":1.1,"BTCmain":1.1,"GBTC":1.1,"SOFI":1.1,"TDOC":1.1,"TOST":1.1,"TTD":1.1,"VEEV":1.1},"content_text":"On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc shares. This strategic decision comes as the cryptocurrency market experiences a surge, with Bitcoin crossing the $44,000 threshold.The Coinbase TradeArk sold 237,572 Coinbase shares through ARK Innovation ETF, ARK Next Generation Internet ETF, and Ark Fintech Innovation ETF. The sale was estimated to be worth $33.3 million as shares closed 0.63% lower at $140.20 on Tuesday.Ark Invest’s decision to offload a substantial portion of its Coinbase holdings aligns with the recent rally in the cryptocurrency market.According to Benzinga’s coverage, this move reflects a broader strategy adjustment by Ark Invest in the crypto space. The sale of Coinbase shares, valued at more than $33 million, coincides with Bitcoin’s significant price increase, as reported in another Benzinga article.This trade is particularly noteworthy given Ark’s historical advocacy for cryptocurrency and their previous portfolio adjustments as detailed in Benzinga’s reports.The Grayscale Bitcoin Trust TradeArk’s strategy also included a significant sale of Grayscale Bitcoin Trust (GBTC) shares, aligning with Cathie Wood‘s previous statements about the potential impact of Bitcoin ETF approvals on Grayscale’s market position, as discussed in Benzinga’s analysis.Ark sold Grayscale Bitcoin Trust shares worth $5.9 million through ARKW. On Tuesday, GBTC shares ended the day 4.35% higher at $35.10.Other Key Trades:Ark Invest increased its stake in SoFi Technologies Inc, buying 179,841 shares, reflecting a growing interest in fintech solutions through ARKF.The firm also bought 38,375 and 67,262 shares of Toast Inc, indicating a focus on expanding its portfolio in the digital payments sector via ARKW and ARKF respectively.Significant investments were made in the healthcare sector, with purchases of Veeva Systems Inc and Teladoc Inc shares through ARK Genomic Revolution ETF.Ark’s interest in the tech sector was further evidenced by the acquisition of 126,108 shares of The Trade Desk Inc through ARKK and 5,044 shares through ARKW.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":249086805373064,"gmtCreate":1701844147333,"gmtModify":1701844485029,"author":{"id":"4160780819810002","authorId":"4160780819810002","name":"44kait88","avatar":"https://community-static.tradeup.com/news/ecc505494026832e6c9c1d3683adcd4f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4160780819810002","authorIdStr":"4160780819810002"},"htmlText":"Sounds like she needed some cash.....","listText":"Sounds like she needed some cash.....","text":"Sounds like she needed some cash.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/249086805373064","repostId":1192797192,"repostType":2,"repost":{"id":"1192797192","pubTimestamp":1701841224,"share":"https://ttm.financial/m/news/1192797192?lang=&edition=fundamental","pubTime":"2023-12-06 13:40","market":"us","language":"en","title":"Cathie Wood's Ark Sells Over $33M Coinbase And Nearly $5.6M Grayscale Bitcoin Trust When Bitcoin Crossed $44K","url":"https://stock-news.laohu8.com/highlight/detail?id=1192797192","media":"Benzinga","summary":"On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc shares. This strategic decision comes as the cryptocu","content":"<html><head></head><body><p>On Tuesday, <strong>Cathie Wood</strong>-led <strong>Ark Invest</strong> made a significant move in the cryptocurrency market, selling over $33 million worth of <strong>Coinbase Global Inc </strong>shares. This strategic decision comes as the cryptocurrency market experiences a surge, with <strong>Bitcoin </strong>crossing the $44,000 threshold.</p><p style=\"text-align: start;\"><strong>The Coinbase Trade</strong></p><p style=\"text-align: start;\">Ark sold 237,572 Coinbase shares through <strong>ARK Innovation ETF</strong>, <strong>ARK Next Generation Internet ETF</strong>, and <strong>Ark Fintech Innovation ETF</strong>. The sale was estimated to be worth $33.3 million as shares closed 0.63% lower at $140.20 on Tuesday.</p><p style=\"text-align: start;\">Ark Invest’s decision to offload a substantial portion of its Coinbase holdings aligns with the recent rally in the cryptocurrency market.</p><p style=\"text-align: start;\">According to Benzinga’s coverage, this move reflects a broader strategy adjustment by Ark Invest in the crypto space. The sale of Coinbase shares, valued at more than $33 million, coincides with Bitcoin’s significant price increase, as reported in another Benzinga article.</p><p style=\"text-align: start;\">This trade is particularly noteworthy given Ark’s historical advocacy for cryptocurrency and their previous portfolio adjustments as detailed in Benzinga’s reports.</p><p style=\"text-align: start;\"><strong>The Grayscale Bitcoin Trust Trade</strong></p><p style=\"text-align: start;\">Ark’s strategy also included a significant sale of <strong>Grayscale Bitcoin Trust</strong> (GBTC) shares, aligning with <strong>Cathie Wood</strong>‘s previous statements about the potential impact of Bitcoin ETF approvals on Grayscale’s market position, as discussed in Benzinga’s analysis.</p><p style=\"text-align: start;\">Ark sold Grayscale Bitcoin Trust shares worth $5.9 million through ARKW. On Tuesday, GBTC shares ended the day 4.35% higher at $35.10.</p><p style=\"text-align: start;\"><strong>Other Key Trades:</strong></p><ul style=\"list-style-type: disc;\"><li><p>Ark Invest increased its stake in <strong>SoFi Technologies Inc</strong>, buying 179,841 shares, reflecting a growing interest in fintech solutions through ARKF.</p></li><li><p>The firm also bought 38,375 and 67,262 shares of <strong>Toast Inc</strong>, indicating a focus on expanding its portfolio in the digital payments sector via ARKW and ARKF respectively.</p></li><li><p>Significant investments were made in the healthcare sector, with purchases of <strong>Veeva Systems Inc </strong>and <strong>Teladoc Inc </strong>shares through ARK Genomic Revolution ETF.</p></li><li><p>Ark’s interest in the tech sector was further evidenced by the acquisition of 126,108 shares of <strong>The Trade Desk Inc </strong>through ARKK and 5,044 shares through ARKW.</p></li></ul></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Ark Sells Over $33M Coinbase And Nearly $5.6M Grayscale Bitcoin Trust When Bitcoin Crossed $44K</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Ark Sells Over $33M Coinbase And Nearly $5.6M Grayscale Bitcoin Trust When Bitcoin Crossed $44K\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-06 13:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/23/12/36106000/on-the-day-bitcoin-crossed-44k-cathie-woods-ark-sells-over-33m-in-coinbase-shares-and-nearly-5-6><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc shares. This strategic decision comes as the ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/23/12/36106000/on-the-day-bitcoin-crossed-44k-cathie-woods-ark-sells-over-33m-in-coinbase-shares-and-nearly-5-6\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/equities/23/12/36106000/on-the-day-bitcoin-crossed-44k-cathie-woods-ark-sells-over-33m-in-coinbase-shares-and-nearly-5-6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192797192","content_text":"On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc shares. This strategic decision comes as the cryptocurrency market experiences a surge, with Bitcoin crossing the $44,000 threshold.The Coinbase TradeArk sold 237,572 Coinbase shares through ARK Innovation ETF, ARK Next Generation Internet ETF, and Ark Fintech Innovation ETF. The sale was estimated to be worth $33.3 million as shares closed 0.63% lower at $140.20 on Tuesday.Ark Invest’s decision to offload a substantial portion of its Coinbase holdings aligns with the recent rally in the cryptocurrency market.According to Benzinga’s coverage, this move reflects a broader strategy adjustment by Ark Invest in the crypto space. The sale of Coinbase shares, valued at more than $33 million, coincides with Bitcoin’s significant price increase, as reported in another Benzinga article.This trade is particularly noteworthy given Ark’s historical advocacy for cryptocurrency and their previous portfolio adjustments as detailed in Benzinga’s reports.The Grayscale Bitcoin Trust TradeArk’s strategy also included a significant sale of Grayscale Bitcoin Trust (GBTC) shares, aligning with Cathie Wood‘s previous statements about the potential impact of Bitcoin ETF approvals on Grayscale’s market position, as discussed in Benzinga’s analysis.Ark sold Grayscale Bitcoin Trust shares worth $5.9 million through ARKW. On Tuesday, GBTC shares ended the day 4.35% higher at $35.10.Other Key Trades:Ark Invest increased its stake in SoFi Technologies Inc, buying 179,841 shares, reflecting a growing interest in fintech solutions through ARKF.The firm also bought 38,375 and 67,262 shares of Toast Inc, indicating a focus on expanding its portfolio in the digital payments sector via ARKW and ARKF respectively.Significant investments were made in the healthcare sector, with purchases of Veeva Systems Inc and Teladoc Inc shares through ARK Genomic Revolution ETF.Ark’s interest in the tech sector was further evidenced by the acquisition of 126,108 shares of The Trade Desk Inc through ARKK and 5,044 shares through ARKW.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":7,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}