Cathie Wood’s Ark Invest Sells $6.5M Coinbase and $5.8M Robinhood Amid Bitcoin Rally

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.