tl;dr
Cathie Wood and Ark Invest sold just over 375K shares of Coinbase Global (COIN) across three of the firm's exchange traded funds. Specifically, ARKK sold 237,541 shares of COIN, ARKW sold 32,371 shares, and ARKF sold 106,371 shares. Wood, known for her bullish stance on Bitcoin, has labeled COIN as ...
Cathie Wood and Ark Invest sold just over 375K shares of Coinbase Global (COIN) across three of the firm's exchange traded funds. Specifically, ARKK sold 237,541 shares of COIN, ARKW sold 32,371 shares, and ARKF sold 106,371 shares. Wood, known for her bullish stance on Bitcoin, has labeled COIN as the top holding in ARKK, ARKW, and ARKF, with weightings of 10.87%, 12.09%, and 12.37%, respectively. Moreover, COIN is held by 140 ETFs, with ARKF, ARKK, and ARKW being the fifth, seventh, and eighth largest holders of COIN, respectively.
In addition, the YTD performance of each fund and COIN is as follows: ARKK -4.1%, ARKW 8.7%, ARKF 8.2%, COIN 47.2%, and BTC-USD 65.1%. This demonstrates the strong performance of COIN and BTC-USD relative to the ARK ETFs.
More about Coinbase Global Inc
Key financial metrics for Coinbase Global Inc include a market cap of $62.06 billion, a stock price of $674.05, and a beta of 0.38. The company also has a P/E ratio of 12.41 and a dividend yield of 0.0324. Market sentiment towards Coinbase Global Inc is reflected in its trading volume of 2,926,556,000 and a short interest ratio of 3.27. The company's stock performance has been volatile, reflecting the nature of the crypto economy and the inherent risks associated with it.
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