Ark Invest Sells Coinbase and GBTC Shares

By KMatt | Blogging Crypto | 7 Dec 2023

In a strategic move that reflects market dynamics, *Ark Invest liquidated Coinbase and GBTC shares with a total value of approximately $50 million, including 237,572 Coinbase shares ($33.3 million). A transaction that represents one of the most significant daily divestments in Ark Invest this year.

Coinbase shares have surged 10% in the past week and 67% in the past month, the highest level since April 2022 but still below 60% of its all-time high recorded in November 2021.

As for GBTC, Ark Invest liquidated 168,127 shares worth approximately $5.9 million which follows previous sales of GBTC shares totaling more than $12 million.
The latter have recorded a surge of 30% in the last month, partly reflecting the increase in the price of Bitcoin.


Ark Invest's investment decisions are in line with evolving market dynamics.
Reducing exposure to Coinbase and GBTC reflects a meticulous approach to risk management and capital allocation.
Ark Invest's purchase of Robinhood shares further diversifies its portfolio and demonstrates its ability to adapt to the ever-changing cryptocurrency landscape.

*Ark Invest is an American investment company founded in 2014 and focuses on long-term equity investments in innovative sectors, such as technology. health, energy and more, with approximately $6.71 billion in assets under management (July 2023).



If you liked the article, subscribe and leave a like to not miss the next updates

Here below some links if you'd like to support me:

Nexo and Nexo Card (Join Nexo, Deposit 500$ and get up to $35 in Bitcoin. Earn up to 16% on your deposit and 6% promo cashback with Nexo Card)


Freecash (earn 20/100$ each month without cash investment)


Cointiply (earn 20/100$ each month without cash investment)


How do you rate this article?



Welcome to my blog <3 I love playing videogames, interested in crypto, support #lgbtqi+ and human rights

Blogging Crypto
Blogging Crypto

Blogging crypto

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.