According to The Block, Cathie Wood's Ark Invest sold 42,613 shares of Coinbase and 100,739 shares of Grayscale Bitcoin Trust on Monday amid an ongoing bitcoin-led crypto rally.
Ark's Next Generation Internet ETF (ARKW) sold 32,158 shares, and Ark Fintech Innovation ETF sold 10,455 shares of Coinbase, according to an update from the fund manager's trading desk on Monday. Meanwhile, ARKW offloaded 100,739 GBTC shares. The sales were worth $5.8 million, based on Coinbase's closing price of $77.21 and GBTC's $24.71 on Monday.
The sales came as Coinbase and GBTC share prices rose amid an ongoing crypto rally.
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