On Monday, Cathie Wood-led Ark Invest made some significant trades, with Coinbase Global Inc. (NASDAQ:COIN) taking the spotlight.
Cathie Wood’s Ark Invest was seen making some significant trades on Monday. Here’s a quick look at some of the key trades.
What Happened: Coinbase Global Inc. (NASDAQ:COIN) stood out in Ark Invest’s trades on Monday, a day that saw the cryptocurrency exchange platform’s shares trading lower. This was as cryptocurrencies had a day in the red, with Bitcoin (CRYPTO: BTC) trading below the $62,000 mark.
Coinbase shares were trading at $212.31 at the close of Monday’s regular session. The firm sold 3,341 Coinbase shares through ARK Next Generation Internet ETF (NYSE:ARKW). This transaction was valued at $709,327.
Later in the day, Ark Invest also made some trades involving Grayscale Bitcoin Trust (OTC:GBTC) and ProShares UltraShort Bloomberg Natural Gas (NYSE:KOLD).
The ETF sold 10,000 Grayscale Bitcoin Trust shares through ARK Innovation ETF (NYSE:ARKK). This transaction was valued at $6,100,140.
The ETF also sold 100,000 ProShares UltraShort Bloomberg Natural Gas shares through ARK Next Generation Internet ETF. This transaction was valued at $4,000,000.
See Also: ‘Dogecoin Killer’ Shiba Inu Falters — Here Is What These Key Indicators Reveal About Its Short-Term Prosp
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.