The investment company Ark Invest sold part of the Coinbase and GBTC shares – Bits Media

Investment company Ark Invest, specializing in investments in crypto projects, Against the background of the cryptocurrency rally, she sold tens of thousands of shares of the American Creens of Coinbase and more than a hundred thousand shares of Grayscale Bitcoin Trust.

According to the General Director Foundation Ark Invest Management Katie Wood (Cathie Wood), ARK’s Next Generation Internet ETF units (ARKW) and Ark Fintech Innovation ETF sold 42 613 Coinbase shares, And the ARKW fund sold 100 739 shares Grayscale Bitcoin Trust (GBTC). Revenue from the sale of assets was about $6 million, Based on the closing price of Coinbase trading in $77,21 и GBTC в $24,71 on Monday.

At the time of sale of shares, the management company Ark Investment accumulated more in its funds 6 million shares of GBTC and about 10 Million shares of Coinbase. According to experts crypto, The sale of such an insignificant amount of assets is not part of any long-term strategy and is more associated with the replenishment of working capital, necessary for servicing funds.

On Tuesday night, 24 October, The Bitcoin course in the moment exceeded the mark in $35 000 and reached a maximum since May last year. This was also facilitated by the positive mood of the traders, associated with the possible approval of ETF on bitcoin in the USA.