ARK Invest Sells Another $4.2M of Coinbase Shares
Submitted by Anonymous (not verified) on Fri, 01/05/2024 - 17:00COIN constitutes a 10.34% weighting of ARK's Innovation ETF, a stake worth over $872.5 million.
COIN constitutes a 10.34% weighting of ARK's Innovation ETF, a stake worth over $872.5 million.

Coinbase's Nasdaq-listed stock fell 2.96% Wednesday to $152.24 as the crypto market's rally halted.
Data shows the Bitcoin premium on Coinbase has shot up alongside the latest rally. Here’s what this suggests about the source of the surge.
The decline happened as bitcoin spiked above $45,000 during the day as traders anticipate an imminent spot BTC ETF decision in the U.S.
U.S.-listed companies rode bitcoin's bullish momentum to show significant gains in pre-market trading, including COIN, MSTR, MARA and RIOT.

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