Cathie Woods Ark Invest has repelled shares in his own Bitcoin ETF and Coinbase – shortly after both values reached new records.
• Rally am Kryptomarkt – Bitcoin with new all -time high
• ARK sells BTC ETF shares
• Coinbase shares were also rejected
Next generation Internet Fund sells Bitcoin ETF shares
The investment company of Cathie Wood sold 225,742 shares of the ARK 21shares Bitcoin ETF (ARKB) from its Next Generation Internet Fund (ArkW) last Tuesday. The step took place after the Bitcoin course reached a new record high of over $ 123,000 on Monday.
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Nicolai Sondergaard, analyst at Nansen, commented on Decrypt on the possible background of these sales: “They may want to benefit from the latest market dynamics and at the same time reduce their commitment to the publication of the consumer price index.” He added: “It could also reflect a strategy that focuses on assets with a higher risk and higher return or possibly preferred simple assets that have achieved strong returns in relation to their underlying fundamental data.”
Further sale of coinbase shares
In addition, according to Decrypt, the company sold 34,207 stocks from Coinbase. The coin base share had previously reached a record high of $ 398.50 on July 14th on Nasdaq, which increased the company to over $ 100 billion. The rally then continued: Last Wednesday, the share price crossed the $ 400 mark for the first time. On Friday, the stock climbed to a new record high of $ 444.65.[ThisupwardtrenddidnotcontinueonMondaywhenthesharelost1.47percentto$413.63andthusremovedsomethingfromitsall-timehigh.
Among other things, the strong price increase in the past few months should be associated with the latest profits in the bitcoin, which also have shares with cryptocurrency reference. The recent thrust of the share took place last week when the US Senate adopted an important StableCoin law, the so-called Genius Act, which was then signed by President Donald Trump on Sunday.
The sale is already the second major sale of coinbase shares this month. Previously, the company had already sold shares worth $ 95 million over several ETFs as part of a rebalancing strategy. The sale was carried out at a time when Coinbase came under reinforced regulatory pressure. This also included a decision by the Supreme Court, which refused to examine the appointment of the trading platform in the Harper case against the Faulkender – a procedure that deals with the receipt of the US tax authority IRS to user data.
Despite the adaptation, Coinbase with a weighting of 7.9 percent and a value of around $ 185.4 million remains the second largest position and the Bitcoin ETF ARKB with a weighting of 6.76 percent and a value of around 158.5 million US dollars The fourth largest position in the Next Generation Internet Fund (as of 21.07.2025).
Editor finance.net
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