Cathie Wood's Ark Invest Sells $15 Mln Coinbase Shares As COIN Price Hit 52-Week High

Bitcoin bull Cathie Wood’s investment management firm Ark Invest sells more Coinbase (COIN) shares, making the total selloff of COIN shares to $15 million this week. Cathie Wood remains actively bullish on Bitcoin and crypto exchange Coinbase, and the recent offloading is only a part of its investment strategy. ARK Invest funds’ return improves amid market recovery.

Cathie Wood’s Ark Invest Continues Offloading Coinbase Shares

On November 29, Cathie Wood’s Ark Invest fund ARK Next Generation Internet ETF (ARKW) sold 37,377 Coinbase shares worth almost $5 million, according to transactions seen by CoinGape.

The move comes as COIN price hit 52-week of $131.42, rallying 180% amid crypto marker recovery. Coinbase stock price soared 65% in a month to hit a 52-week high. COIN stock price closed 2.43% lower at $124.72 on Thursday.

Cathie Wood’s Ark Invest funds continues to offload Coinbase (COIN) shares this week. Ark Fintech Innovation ETF (ARKF) sold 43,956 Coinbase shares worth $5 million on November 27 and 37,377 COIN stocks on November 29. Cathie Wood’s Ark Investment sold more than 30,000 COIN shares last month and more than 1.5 million shares in the quarter ending September 30.

Before dumping Coinbase, Ark Invest sold over 550K Grayscale Bitcoin Trust (GBTC) shares amid spot Bitcoin ETF approval speculation.

Cathie Wood’s Ark Invest funds are trading better than Nasdaq 100 in November as investors bet on US Fed rate cuts. ARK Invest Innovation ETF (ARKK) gained 31% in November, which hasn’t offloaded its largest holding, Coinbase.

Also Read: Terra Luna Classic All Set For Major Upgrade, LUNC And USTC To Rally Further

Cathie Wood Remains Bullish on Bitcoin

Ark Invest CEO Cathie Wood still bullish on Bitcoin amid the crypto market recovery, upcoming Fed pivot, and Bitcoin halving. While she offloads Coinbase and Grayscale stocks, buying Robinhood Markets (HOOD) shares becomes her recent best bet as Robinhood expands to the UK.

Ark Fintech Innovation ETF (ARKF) purchased 221,759 HOOD shares on November 29. Ark Invest funds made multiple buys of Robinhood shares.

Also Read: BTC Price To Hit $60000 Before Bitcoin Halving, Reports Matrixport

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.