Ark Invest has reduced its holdings of Coinbase and GBTC stocks by nearly $360 million in December
On December 26th, Ark Invest has sold 1,535,789 shares of Coinbase, worth about $282.5 million this month. The majority of the sales (1,348,527 shares) came from its innovative ETF (ARKK), but Coinbase remains the largest holding in the fund, accounting for 10.7%. The company's next-generation internet ETF (ARKW) sold 129,871 shares of Coinbase stock in December, and the financial technology innovation ETF (ARKF) sold 57,391 shares. Coinbase currently accounts for about 12% and 14% of the holdings in ARKW and ARKF respectively.
Ark Invest continues to sell GBTC as well. Trading disclosures show that ARKW has sold 2,118,186 shares of GBTC this month, worth about $77 million, and ARKW currently holds about 4.3% of GBTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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