{"id":36720,"date":"2025-07-14T09:46:47","date_gmt":"2025-07-14T09:46:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36720"},"modified":"2025-07-14T09:46:47","modified_gmt":"2025-07-14T09:46:47","slug":"ark-invest-sells-8-64m-coinbase-stake-after-crypto-exchanges-shares-rally-to-record","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36720","title":{"rendered":"ARK Invest Sells $8.64M Coinbase Stake After Crypto Exchange&#8217;s Shares Rally to Record"},"content":{"rendered":"<div>\n<p>ARK Invest sold $8.64 million worth of Coinbase (COIN) shares late last week as the crypto exchange&#8217;s shares pumped to record highs.<\/p>\n<p>Cathie Wood&#8217;s investment management firm offloaded 5,596 COIN shares from its <a href=\"https:\/\/www.ark-funds.com\/funds\/arkw?utm_campaign=idt_arkw&amp;utm_medium=email&amp;_hsenc=p2ANqtz-9rQWEtQULm5OddUjx74AwcPjKCH5mMV04M79RBWOCi6SfA42Y-B2UB8POIg0kqk15a6kt90iIi_0VIkZNXp7aWQ-q4Vg&amp;_hsmi=370942665&amp;utm_content=idt_07112025&amp;utm_source=IDT\">Next Generation Internet ETF<\/a> (ARKW) on Friday, worth $2.17 million based on the closing price of $387.06. That followed Thursday&#8217;s sale of 16,627 shares, worth $6.47 million as of the day&#8217;s close, from ARK&#8217;s <a href=\"https:\/\/www.ark-funds.com\/funds\/arkk?utm_campaign=idt_arkk&amp;utm_medium=email&amp;_hsenc=p2ANqtz-9LeFvyDAXmfrAdkRakZWLHZWjRuDa6Xm7v8QErHFSWI3EkAdMGKaU9LfAi7EqFfDvsr0MF_2WhR2HbZ9lo1vPM0ApdAw&amp;_hsmi=370785286&amp;utm_content=idt_07102025&amp;utm_source=IDT\">Innovation<\/a> ETF (ARKK).<\/p>\n<p>COIN touched a <a href=\"https:\/\/finance.yahoo.com\/quote\/COIN\/\">record high above $395 <\/a>during Friday trading as bitcoin ascended to an all-time high of around $118,000. <\/p>\n<p>Rallies in particular shares <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/01\/ark-invest-sold-95m-of-coinbase-shares-after-coins-surge-to-record-highs\">often prompt sizeable sales from ARK<\/a>, which has a target weighting of no particular holding exceeding 10% of an ETF&#8217;s total value. <\/p>\n<p>COIN is priced at $393.50 in pre-market trading at the time of writing, 1.66% higher than its Friday closing price, as BTC&#8217;s surge extended to <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\">claim a new all-time high above $122,000<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest sold $8.64 million worth of Coinbase (COIN) shares late last week as the crypto exchange&#8217;s shares pumped to record highs. Cathie Wood&#8217;s investment management firm offloaded 5,596 COIN shares from its Next Generation Internet ETF (ARKW) on Friday, worth $2.17 million based on the closing price of $387.06. That followed Thursday&#8217;s sale of [&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-36720","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\/36720","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=36720"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36720\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}