Ark Invest verkauft Coinbase-Aktien im Wert von 53 Millionen Dollar, während der Kurs ein 52-Wochen-Hoch erreicht

Cathie Wood's Ark Invest sold 478,356 Coinbase shares worth $53 million on Friday as the cryptocurrency exchange's stock reached a 52-week high. This is the second time in a week that Cathie Wood's investment firm has dumped Coinbase shares. As reported earlier, Ark Invest sold 135,152 Coinbase shares worth $12 million from the Ark Innovation ETF on July 11. On July 14, Ark Invest sold 478,356 Coinbase shares as the stock price hit a yearly high of $114.43, according to an update from the fund manager's trading desk. The investment firm's Ark Next Generation Internet ETF sold 93,227 shares, the ARK Innovation ETF sold 263,247 shares, and the Ark Fintech Innovation ETF sold 121,882 shares. The sales had a total value of $53 million, based on Coinbase's closing price of around $110 on Friday. Even after the recent sale, Ark Invest remains the second-largest owner of Coinbase shares, with a 6.30% stake. Ark Invest increases holdings of Meta and Robinhood stocks Cathie Wood has stocked up on Meta Platforms stocks after the company announced the launch of Threads last month. Threads is a microblogging platform launched as a competitor to Elon Musk's Twitter. On Friday, the ARK Innovation ETF purchased 69,793 Meta shares worth over $21 million, while the ARK Fintech Innovation ETF acquired 111,843 Robinhood shares worth $1.3 million. The ARK Next Generation Internet ETF further increased its holdings with 12,559 Meta shares and 169,116 Robinhood shares. In total, Ark Invest bought Meta shares worth $24 million and Robinhood shares worth $3.3 million. Robinhood's stock prices have risen by 24% in the last 30 days. Coinbase shares rise following Ripple-favorable court ruling The price of Coinbase shares has risen after a US court ruled in favor of Ripple in an ongoing legal battle regarding XRP. Judge Torres determined that the sale of XRP on exchanges does not constitute an investment contract per se. The recent ruling gives hope to the cryptocurrency exchange that it will also emerge victorious in its legal fight against the US Securities and Exchange Commission (SEC). Shortly after the court ruling, the cryptocurrency market started to recover as XRP's price surged by almost 70%. Coinbase, the largest US exchange, also experienced a significant increase in its share price. COIN has risen by almost 25% since the court ruling. At the close of the market on Friday, COIN was trading at $105. COIN has also experienced a 213% increase year-to-date. Prior to the historic Ripple lawsuit ruling, Coinbase's stock climbed as the exchange was listed as a surveillance partner for several Bitcoin ETF applicants in the US, including giants like BlackRock and Fidelity. - Quelle: Krypto News Austria