Cathie Wood's Ark Invest Sells Coinbase Shares As Bitcoin Drops Below Key $62K Level - Coinbase Glb (NASD

　　On Monday, Cathie Wood-led Ark Investmade some significant trades, with Coinbase Global Inc.COIN taking the spotlight. This comes amidst a turbulent market scenario, particularly for cryptocurrencies.

　　The COIN Trade

　　Ark Invest‘s most prominent trade on this day was with Coinbase, a leading cryptocurrency exchange platform. This trade comes at a time when the cryptocurrency market is experiencing significant volatility, with Bitcoin’sBTC/USD price falling below the $62,000 mark. This drop in Bitcoin‘s price has had a direct impact on Coinbase’s shares, which also traded lower on Monday.

　　Coinbase shares stood at $212.31 at the end of Mondays regular session. The firm sold 3,341 Coinbase shares through ARK Next Generation Internet ETFARKW. The transaction amounted to $709,327.

　　Other Key Trades:

• 　　Teladoc Health IncTDOC: Sold 54,256 shares from the ARKG ETF and 61,606 shares from the ARKK ETF.

• 　　Absci CorpABSI: Bought 43,936 shares for the ARKG ETF.

• 　　Verve Therapeutics IncVERV: Sold 10,570 shares from the ARKG ETF and 50,971 shares from the ARKK ETF.

• 　　Roku IncROKU: Bought 32,989 shares for the ARKK ETF.

　　This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

　　© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.