Bitcoin Bull Cathie Wood Sells Coinbase And Robinhood Shares, Expects Weak Q2 Earnings?
Cathie Wood’s Ark Invest Offloads Coinbase and Robinhood Cathie Wood’s Ark Invest continues to offload Coinbase shares since the COIN stock price jumped over $100, reaching almost a 52-week high. While the selling spree has slowed, Ark Invest’s ARK Next Generation Internet ETF offloading its Coinbase holdings. advertisement On July 31, Cathie Wood’s Ark Invest fund ARK Next Generation Internet ETF (ARKW) sold 1,055 Coinbase shares worth $105k, according to transactions seen by CoinGape. Coinbase will announce the second quarter financial results on August 3. Last quarter, Coinbase ’s revenue dipped due to a significant drop in trading volumes amid crypto regulatory crackdowns in the US. While sentiment for Bitcoin price rally remains positive, Ark Invest considering the impact of the US SEC v Coinbase lawsuit. COIN stock price closed 4% higher at $98.61 on Monday, but fell 3.17% to $95.48 in pre-market hours on A...