Ark Invest, led by Cathie Wood, adjusted its portfolio by selling Coinbase and Robinhood shares amid market shifts following the U.S. approval of spot Bitcoin ETFs. The broader cryptocurrency landscape responded to evolving conditions.
Xu LinARK Invest has tactically sold an additional $4.2 million worth of Coinbase shares, following a prior $25 million offload. This strategic move suggests a dynamic adjustment to ARK's portfolio amidst changing market conditions, with Coinbase's stock maintaining a significant position in ARK's Innovation ETF.
BerniceMdm Ho Ching wrote in a Facebook post that the write down of Temasek's full investment in cryptocurrency firm FTX is an "egg on the face"
TodayonlineThe business software firm owns about 130,000 bitcoins worth approximately $2.7 billion on its balance sheet.
OthersCoinbase joins Grayscale in claiming that the SEC is failing to give spot market Bitcoin ETFs fair consideration.
OthersThe battle for supremacy among crypto exchanges has often come down to the amount of bitcoin that they hold. This ...
BitcoinistOn-chain data shows the crypto exchange Coinbase Pro has received a large amount of Bitcoin inflows today, a sign that ...
BitcoinistThe Purpose Bitcoin ETF has increased its holdings of Bitcoin over the past five days, a positive sign that buyers are buying on dips.
CointelegraphThe cryptocurrency exchange previously announced the acquisition of blockchain infrastructure platform Bison Trails and the Routefire platform.
CointelegraphThe Lightning Network implementation may be against business plans of some crypto exchanges, or simply not a priority for others, several community members suggested.
Cointelegraph