ARK Invest, Coinbase Hisselerinde Büyük Satış Yaptı

As the value of Coinbase shares rose, American investment company ARK Invest made a big sale. On March 21, ARK sold a total of 199,526 Coinbase shares from various ETF funds, making a sale of approximately $52.3 million at a closing price of $262 per share. This sale coincided with Coinbase shares exceeding $270 for the first time since December 2021. ARK Invest’s Selling Strategy Lately, ARK Invest has started selling shares of not only Coinbase but also other companies. The company made its biggest Coinbase share sale so far, selling 499,149 shares in a period where the shares traded 37% lower. ARK is rapidly disposing of Coinbase shares in 2023 and early 2024, leading investors to speculate on the company’s strategy. Other Sales and Restrictions Aside from Coinbase, ARK Invest is also selling shares of Bitcoin-focused fintech firm Block and Robinhood. These sales were made to comply with Rule […]

ARK Invest, Coinbase Hisselerinde Büyük Satış Yaptı

As the value of Coinbase shares rose, American investment company ARK Invest made a big sale. On March 21, ARK sold a total of 199,526 Coinbase shares from various ETF funds, making a sale of approximately $52.3 million at a closing price of $262 per share. This sale coincided with Coinbase shares exceeding $270 for the first time since December 2021.

ARK Invest’s Selling Strategy

Lately, ARK Invest has started selling shares of not only Coinbase but also other companies. The company made its biggest Coinbase share sale so far, selling 499,149 shares in a period where the shares traded 37% lower. ARK is rapidly disposing of Coinbase shares in 2023 and early 2024, leading investors to speculate on the company’s strategy.

Other Sales and Restrictions

Aside from Coinbase, ARK Invest is also selling shares of Bitcoin-focused fintech firm Block and Robinhood. These sales were made to comply with Rule 12d3-1, which prohibits the purchase of more than 5% of the total assets in securities by any registered investment adviser, broker, dealer, or underwriter. The investment company issued Robinhood shares in compliance with this rule.

ARK Invest, which issues a Bitcoin exchange-traded fund, takes advantage of the appreciation of stock values to manage the portfolio’s weight by making significant sales and continues to diversify according to investment strategies.

As a result, ARK Invest’s sales of Coinbase and other technology shares are seen as part of their investment strategies and are understood to be compatible with the company’s long-term investment goals.

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