{"id":34526,"date":"2025-07-01T09:17:24","date_gmt":"2025-07-01T09:17:24","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34526"},"modified":"2025-07-01T09:17:24","modified_gmt":"2025-07-01T09:17:24","slug":"ark-invest-sold-95m-of-coinbase-shares-after-coins-surge-to-record-highs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34526","title":{"rendered":"ARK Invest Sold $95M of Coinbase Shares After COIN&#8217;s Surge to Record Highs"},"content":{"rendered":"<div>\n<p>ARK Invest offloaded nearly $43.8 million worth of shares of cryptocurrency exchange Coinbase (COIN) on Monday.<\/p>\n<p>The sale follows similar moves last week for a total of 270,984 COIN shares offloaded in the last three trading days, worth just under $95 million based on Monday&#8217;s <a href=\"https:\/\/finance.yahoo.com\/quote\/COIN\/\">closing price of $350.49<\/a>.<\/p>\n<p>Coinbase shares surged to a record high of over $380 on June 26, which necessitated the sales from ARK. Cathie Wood&#8217;s investment managing firm has a target weighing of its exchange-traded funds (ETFs), whereby no individual holding exceeds 10% of its total value.<\/p>\n<p>This leads to a trend of ARK selling large numbers of particular shares when their prices rally and acquiring them when they dip.<\/p>\n<p>ARK holds COIN in three of its ETFs: Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF).<\/p>\n<p><strong><em>Read More: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/24\/ark-invest-continues-to-dump-circle-shares-buys-robinhood-and-coinbase\">ARK Invest Continues to Dump Circle Shares, Buys Robinhood and Coinbase<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest offloaded nearly $43.8 million worth of shares of cryptocurrency exchange Coinbase (COIN) on Monday. The sale follows similar moves last week for a total of 270,984 COIN shares offloaded in the last three trading days, worth just under $95 million based on Monday&#8217;s closing price of $350.49. Coinbase shares surged to a record [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34526","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34526"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34526\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}