{"id":450904,"date":"2023-10-24T15:27:52","date_gmt":"2023-10-24T15:27:52","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=450904"},"modified":"2023-10-24T15:27:52","modified_gmt":"2023-10-24T15:27:52","slug":"cathie-woods-ark-invest-offloads-5-8-million-coinbase-and-gbtc-shares-even-as-bitcoin-soars","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cathie-woods-ark-invest-offloads-5-8-million-coinbase-and-gbtc-shares-even-as-bitcoin-soars","title":{"rendered":"Cathie Wood’s Ark Invest Offloads $5.8 Million Coinbase And GBTC Shares Even As Bitcoin Soars"},"content":{"rendered":"

Cathie Wood’s Ark Invest offloaded $5.8 million shares in Coinbase and Grayscale Bitcoin Trust (GBTC) even as crypto prices surge amid optimism over the approval of spot Bitcoin exchange-traded funds (ETFs).<\/p>\n

Ark sold $3.3 million worth of Coinbase shares and almost $2.5 million worth of GBTC.<\/p>\n

Ark’s Next Generation Internet ETF (ARKW) sold 32,158 Coinbase shares and Ark Fintech Innovation ETF offloaded 10,455 shares.<\/p>\n

ARKW, a fund that invests in cloud computing, e-commerce, artificial intelligence, internet-based goods and services, and media innovations, also sold more than 100,000 GBTC shares at $24.71 each.<\/p>\n

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Cathie Wood and Ark Invest's trade activity from today 10\/23 pic.twitter.com\/3SilCpHQFG<\/a><\/p>\n

— Ark Invest Daily (@ArkkDaily) October 24, 2023<\/a><\/p><\/blockquote>\n