Data: Ark Invest purchased $8.7 million in Coinbase stock and sold $8.6 million in Bitcoin ETF

ChainCatcher news, Cathie Wood's Ark Invest fund ARKW purchased 41,032 shares of Coinbase stock yesterday, worth $8.7 million. This is the first purchase of Coinbase stock by Ark since it bought $2.2 million of COIN on October 8 of last year.

In addition, the ARKW fund sold 98,060 shares of its own spot Bitcoin ETF ARKB, worth $8.6 million. The last time Ark sold a large amount of its spot Bitcoin ETF was in September, when it sold 44,609 shares of ARKB stock, valued at $2.8 million.