ARK Innovation exchange-traded fund (ARKK) sold 132,782 shares, and the ARK Next Generation Internet ETF (ARKW) sold 16,998 shares for a total of $24 million.
ARK Invest often sells off its Coinbase assets as the value of the shares increases. This depends on the policy of maintaining the limitation of the equity participation of individual companies at a maximum level of 10% of the total portfolio. COIN remains above this level in ARKK and ARKW.
ARKW also sold shares of Grayscale Bitcoin Trust (GBTC), reducing its stake by 398,383 shares. At the same time, the company acquired 158,334 shares in Block (SQ). In addition, earlier ARKW introduced its own Bitcoin wallet.
GBTC price increased by only 0.33% and now stands at 7.9%. This figure is still below the 12.5% it reached earlier this month. During this period, the price of BTC increased by 3.3% and broke the $44 thousand mark.