Ark sells Coinbase shares for the first time in a month | CoinDesk JAPAN

• Ark sold $34.3 million worth of Coinbase stock from three different funds, according to a daily trading report sent via email.
• Coinbase is up 19% since its last sale and is scheduled to report its results after the market closes on February 15th.

ARK Invest, the investment company run by Cathie Wood, announced the month-end, one day before crypto asset (virtual currency) exchange Coinbase reported its fourth quarter results. He sold his shares in the company for the first time.

Ark sold stocks worth $34.3 million (approximately 5.145 billion yen, at an exchange rate of 150 yen to the dollar) from three different funds, according to a daily transaction report sent by email. The last sale report was on January 11th.

Coinbase, the only publicly traded cryptocurrency exchange in the United States, saw its stock price rise to $160.38 yesterday as Bitcoin (BTC), the largest cryptocurrency by market capitalization, topped $52,000. It's up 19% since Jan. 11, including a 14% jump in . The Nasdaq Composite Index rose 5.9% during the same period.

Coinbase is expected to report stronger performance and profits in its financial results to be announced after the market closes today, February 15th, due to an increase in trading volume due to the rise in the crypto asset market. Robinhood, a cryptocurrency trading platform, reported a 10% increase in crypto-related revenue in the fourth quarter.

ARK sold 30,090 Coinbase shares from FinTech Innovation ETF (ARKF), 152,600 shares from Innovation ETF (ARKK), and 31,459 shares from Next Generation Internet ETF (ARKW).

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Danny Nelson/CoinDesk
｜Original text: Cathie Wood's ARK Invest Sells Coinbase Shares for First Time in a Month