Ark Invest reduces exposure on Coinbase and Robinhood
The post Ark Invest reduces exposure on Coinbase and Robinhood appeared on BitcoinEthereumNews.com.
Bitcoin reaches new all-time highs, driving the performance of Coinbase and Robinhood, while Ark Invest makes strategic sales worth hundreds of millions, influencing the landscape of financial assets linked to cryptocurrencies. The Bitcoin rally stimulates the fintech sector The surge of Bitcoin has not gone unnoticed: the price has exceeded 118,000 dollars, marking a daily increase of 6.4%. At the same time, Ethereum also recorded a significant leap forward, with a rise of 8.5% reaching 3,011 dollars. These accelerations have had a direct impact on companies most exposed to the crypto world, such as Coinbase and Robinhood, whose valuations have grown in tandem with the demand for digital assets and innovative financial instruments. However, despite this enthusiasm, Ark Invest, led by Cathie Wood, chose a strategy of reducing its positions precisely at the moment of greatest rise in the sector. A decision that raised questions among operators, considering it unusual to sell during such a favorable phase for the fintech and crypto sector. Ark Invest sells Coinbase and Robinhood shares during the boom On the days of maximum market growth, Ark Invest sold assets for about 6.5 million dollars in Coinbase and 5.8 million in Robinhood. Specifically, 16,627 shares of Coinbase (COIN) and 58,504 shares of Robinhood (HOOD) were sold. These numbers are not random: they represent a precise portfolio management choice, which confirms the investment company’s dynamic and prudent approach even in favorable market conditions. At the same time, Ark Invest also released about 1.7 million dollars in Block Inc. shares. It is interesting to note the divergence in performance within the sector: while Coinbase rose by 4% closing at 388.96 dollars and Robinhood gained 4.4% with a final price of 98.70 dollars, Block shares recorded a slight decline of 0.36%, settling at 68.76 dollars. The motivations behind the…
Filed under: News - @ July 11, 2025 7:27 pm