As Bitcoin continues to hit new highs and investors are excited, 'female stock god' Cathie Wood's asset management company 'ARK Invest' decisively took profits, reducing its holdings in 3 cryptocurrency concept stocks, cashing out over 14 million dollars.
According to the latest trading records, ARK's main fund 'ARK Innovation ETF (ARKK)' sold 16,627 shares of Coinbase last Thursday, valued at about 6.5 million dollars; simultaneously reduced its holdings of 58,504 shares of Robinhood stock, amounting to about 5.8 million dollars; and sold a total of 24,780 shares of Block Inc., calculated at about 1.7 million dollars based on the closing price of the day.
According to Yahoo Finance data, Coinbase's stock price rose 4% last Thursday, closing at 388.96 dollars; Robinhood rose 4.4% to 98.7 dollars; Block Inc.'s stock price remained basically flat, down 0.36%, closing at 68.76 dollars.
Notably, Coinbase announced last Thursday a partnership with AI search engine startup Perplexity AI, with both parties set to launch real-time cryptocurrency data services, becoming the latest case of collaboration between the emerging fields of cryptocurrency and artificial intelligence.
Further Reading
Perplexity launches AI browser! Partnering with Coinbase, could AI manage cryptocurrency assets in the future?
On the other hand, Robinhood is also in talks with European regulators to plan the launch of 'stock tokens' locally; however, Robinhood still faces regulatory challenges in the U.S. The Florida Attorney General's office launched an investigation into Robinhood Crypto on Thursday, alleging that the platform's marketing claim of 'lowest trading costs' is misleading to consumers.
This article is reprinted with permission from: (Block Media)
Original title: (Does the female stock god sell when it goes high? ARK cuts 3 cryptocurrency concept stocks and cashes out 14 million dollars)
Original author: Block Girl MEL
'Retail investors FOMO, I sell stocks! The female stock god cuts 3 cryptocurrency concept stocks and has cashed out 14 million dollars' was first published in 'Crypto City'
