Ark Invest purchases $8.7 million in Coin and sells $8.6 million in Bitcoin ETF

Yesterday, Cathie Wood's Ark Invest fund ARKW purchased 41,032 shares of Coin, valued at $8.7 million. This is the first time Ark has bought Coin since purchasing $2.2 million worth of COIN on October 8 last year.

In addition, the ARKW fund sold 98,060 shares of its own Bitcoin ETF spot ARKB, valued at $8.6 million. The last time Ark sold a large amount of Bitcoin ETF spots was in September when it sold 44,609 shares of ARKB stock then valued at $2.8 million.