While Bitcoin, which started this week with a decline, continues this trend, BTC supporter Cathie Wood's company, Ark Invest, continues its sales without slowing down.
At this point, Ark Invest, which has been selling Coinbase (COIN) and Grayscale Bitcoin Investment Trust (GBTC) shares in recent weeks, recently sold Coinbase shares.
He sold another 82,255 Coinbase shares worth about $11.5 million from his three funds, The Block reported.
Accordingly, the company sold 65,297 Coinbase shares (valued at $9.1 million) from the Innovation ETF, 15,502 shares (valued at $2.2 million) from the Next Generation Internet ETF, and 1,456 Coinbase shares (valued at $203,000) from the Fintech Innovation ETF.
Coinbase stock is at $139.6 at the time of writing, still trading more than 60% below its ATH of $342.98 reached during the peak of the last crypto bull market in November 2021.
*This is not investment advice.