Cathie Wood’s Ark Invest Sells $6.5M Coinbase and $5.8M Robinhood Amid Bitcoin Rally
2025-07-11 08:38:38
Main Idea
Cathie Wood’s Ark Invest sold significant shares in Coinbase and Robinhood, despite the stocks' rise, while Bitcoin and Ethereum ETFs saw record inflows.
Key Points
1. Ark Invest sold $6.5 million worth of Coinbase shares (16,627 shares) and $5.8 million worth of Robinhood shares (58,504 shares), along with $1.7 million in Block Inc. stock.
2. Coinbase’s stock rose 4% to $388.96, while Robinhood gained 4.4% to $98.70; Block’s shares slipped 0.36% to $68.76.
3. Bitcoin spot ETFs recorded their second-largest daily inflow of $1.18 billion, driving Bitcoin’s price to a new high of $116,664.
4. Ethereum spot ETFs posted $383 million in inflows, marking their second-highest daily record, with cumulative net inflows reaching $5.10 billion.
5. Robinhood faces scrutiny in the U.S., with Florida’s attorney general investigating its crypto marketing claims.
Description
Cathie Wood’s Ark Invest sold $6.5 million worth of Coinbase Global shares and $5.8 million of Robinhood shares on Thursday, even as both stocks rose alongside bitcoin’s recent surge. Key Takeaways: Ark Invest sold $6.5 million of Coinbase and $5.8 million of Robinhood shares despite both stocks rising. Coinbase and Robinhood stocks rallied alongside bitcoin reaching a new high above $118,000. Robinhood faces regulatory scrutiny in the US amid plans to launch blockchain-based stock tokens in Eur...
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