ARK Invest sold another large amount of Coinbase shares yesterday. The company sold close to 200,000 shares worth $ 52 million. The sales were made through the Innovation ETF (ARKK), the Next Generation Internet ETF (ARKW) and the Fintech Innovation ETF (ARKF).

ARK Invest also sold $27 million worth of COINs on 13 March. It was also noteworthy that the company made yesterday’s sales at about $275. Coinbase shares, which have risen significantly recently, are at the peak of the last 2 years.

It is still the most held share position

From Tesla to Coinbase and many technology companies, ARK, which includes shares close to this field in its portfolio, still seems to be Coinbase. ARK does not hold more than 10% of a stock in its ETFs. However, Coinbase; It holds 10. 5% in ARKK, 11.4% in ARKW and 12% in ARKF ETFs.

COIN, which rose up to $275 yesterday, closed the trading day at $262.

The reason for the rise in Coinbase shares is that the companies issuing the Bitcoin spot ETF are working with the stock exchange and custody services are provided by Coinbase…

ARK Invest’s sales yesterday included two more crypto-focused companies. The company sold $15.8 million Block and $1.8 million Robinhood shares.