↑ ARK Coin Impacted by ARK Invest's Volatility-Driven (Dis)Investment Steps in Coinbase and Circle

ARK Invest, led by CEO Cathie Wood, has been in the news lately with several impactful decisions related to the cryptocurrency market. The firm has been particularly active with Coinbase shares, seeing a series of buys and sells that have significantly influenced volatility. Recently, ARK Invest sold $43.8 million in Coinbase shares as the coin surged near its all-time high. This sale followed an earlier sell-off of $95 million after COIN's record high surge. ARK Invest also offloaded $12.5 million worth of Coinbase shares as the stocks hit new highs. The firm’s actions were not limited to Coinbase, with Circle shares also being impacted. ARK Invest sold its first batch of Circle shares worth $52 million, and subsequently offloaded $146 million in Circle shares. Despite these sell-offs, ARK Invest still maintains significant holdings in the crypto market, with recent purchases of AMD shares, Robinhood, and $58 million worth of Bitcoin. ARK Invest's decisions continue to shape the cryptocurrency market, particularly given its bold price targets. The firm has raised its 2030 Bitcoin Bull Case Price Target to a staggering $2.4 Million. Notwithstanding ARK Invest's sell-offs of Coinbase and Circle, its continued involvement in the crypto market makes the firm a key player in this disruptive financial landscape.

ARK Coin News Analytics from Tue, 11 Feb 2025 08:00:00 GMT to Wed, 02 Jul 2025 14:36:35 GMT - Rating 6 - Innovation 9 - Information 8 - Rumor 5