According to TheBlock, Cathie Wood's ARK Invest sold $59 million worth of Coinbase stocks and $15 million worth of GBTC last week.

Cathie Wood's ARK Invest sold 82,165 shares of Coinbase stock (COIN) on December 12, worth approximately $11.47 million. COIN closed at $139.62 today.

On December 12th, CoinDesk reported that ARKW ETF under ARK Invest sold $12.85 million worth of GBTC shares on Monday. At this point, ARKW owns approximately $112.7 million worth of GBTC, accounting for 6.95% of its weight.

Cathie Wood's ARK Invest continued to reduce its holdings of Grayscale Bitcoin Trust (GBTC) on December 11th, selling a total of 395,945 shares worth approximately $12.85 million.

Cathie Wood's ARK Invest sold 335,860 shares of cryptocurrency exchange Coinbase (COIN) on Friday, the largest sale since July. ARK sold COIN shares through three exchange-traded funds (ETFs), mostly from the Innovation ETF (ARKK). Based on Coinbase's closing price, the sale raised $49.2 million.

ARK Invest sold 168,127 shares of GBTC worth about $5.9 million yesterday. On Tuesday, the GBTC price closed at $35.10, the highest level since December 2021. (CoinDesk)

ARK Invest, a firm looking to launch a Bitcoin ETF, has sold over 237,000 shares of Coinbase stock, netting at least $33 million. The sale was made on December 5th, the same day Coinbase's stock closed at $140 per share. Despite the sale, ARK still holds a significant amount of COIN shares as one of its top assets. Coinbase's stock has been surging, reaching a new record high above $147.4 on December 5th and posting a 280% year-to-date increase.

Following the sale of COIN worth $15 million last week, Ark Invest sold 10,218 shares of Coinbase stock worth approximately $1.4 million on Monday. Ark also purchased more Robinhood stock, adding 14,702 shares (worth $140,000) on top of the $3 million worth of HOOD stock purchased last week. Ark sold 2,970 shares of Coinbase stock ($419,000) from its FinTech Innovation ETF and 7,248 shares ($1 million) from its Next Generation Internet ETF. Following the sale of COIN stock worth $5.3 million and $4.9 million respectively on Monday and Wednesday last week, Ark sold 37,377 shares of Coinbase stock ($47 million) on Thursday.

Cathie Wood's Ark Invest increased its holdings of 14,702 shares of Robinhood stock HOOD (valued at approximately $140,000 based on Monday's closing price) through its ARK Fintech Innovation ETF on Monday, December 4th, while reducing its holdings of 2,970 shares of Coinbase stock COIN (valued at approximately $420,000). Additionally, through its ARK Innovation ETF, Ark Invest reduced its holdings of 7,248 shares of Coinbase stock COIN (valued at approximately $1.02 million).

ARK Invest, led by Cathie Wood, sold Coinbase (COIN) shares for the third time this week, selling a total of 37,377 shares worth nearly $4.7 million at Thursday's closing price. In addition to the sales on November 27th and 29th, ARK also sold approximately $15 million worth of COIN shares from its Next Generation Internet ETF (ARKW) this week.