ARK Invest Sells $22.1 Million Worth of Coinbase Shares and Buys $10.7 Million Worth of Bullish Shares

Odaily News: According to ARK Invest's trading disclosures, ARK Invest sold a total of 134,472 Coinbase shares through three of its ETFs on Friday, valued at approximately $22.1 million. This included 92,737 shares sold by ARKK, 32,790 shares sold by ARKW, and 8,945 shares sold by ARKF. Meanwhile, ARK Invest purchased a total of 393,057 Bullish shares, valued at approximately $10.7 million, comprising 278,619 shares bought by ARKK, 70,655 shares bought by ARKW, and 43,783 shares bought by ARKF. At the time of these transactions, Coinbase's stock price had risen 13% to $165 on the day but has declined 26% year-to-date. Additionally, ARK Invest also bought shares in Alphabet, Recursion Pharmaceuticals, and Tempus AI, while reducing its holdings in Roku, The Trade Desk, and PagerDuty. (Cointelegraph)