Why did Ark Invest shares sell Coinbase despite the 40 % rally star-news.press/wp
Ark Invest Cathie Wood re -exposed Coinbase, sold more than $ 52 million in the company’s shares for two days in a row last week.
The decision came when Coinbase’s stock rose to the highest new level ever, led by bullish feelings and growing institutional interest in the arrows associated with encryption.
Coinbase leads S&P in June, but Ark Invest reduces exposure
Trading data indicates that ARK sold about $ 12.5 million of Coinbase shares on June 26, followed by a greater sale of $ 40 million the next day. The stock rose during that period, as it reached the highest level during the day 382 dollars before the week was closed at 353 dollars.
In general, Coinbase increased by 32 % last month and increased more than 42 % on an annual basis. This makes it the best performance in the S&P 500 for the month of June.
Market analysts attribute this gathering to multiple factors such as improved organizational clarity and expansion of the continuous product.
A major batch came last week when the US Senate passed the Stablecoin Bill, which is now awaiting a vote in the House of Representatives.
If a year, the draft law can provide a long -awaited guideline to the digital assets sector, which is likely to raise the investor’s confidence in companies that focus on encryption.
Besides the positive organization, the increasing Coinbase momentum is also fed through the offers of upcoming products.
Analysts at 10x Research High The platform plans to launch the future contracts organized by the United States for Bitcoin and Ethereum on July 21. They also pointed to the strong Coinbase relationships with Circle and the increasing use of USDC as stimulus for continuous growth.
Moreover, Coinbase Brian Armstrong also distributed the company’s institutional power in an update to the X.
he male Eight of the top ten Bitcoin companies publicly used Coinbase Prime. In addition, $ 140 billion of encryption is kept in the investment funds circulating in the United States, with a Coinbase custody responsible for 81 % of this number.
However, despite strong momentum, some analysts urge caution. 10x research has warned that current evaluation levels may extend in the short term.
Our decline indicates that Coinbase is exaggerated …
However, investor morale is still largely optimistic, especially since Coinbase continues to form a conversation about the encryption policy in Washington.
Time recently Bee One of the 100 most influential companies exchanged in 2025. The company cited its invitation to the most clear rules in the digital asset sector and noticed the continuous expansion plans.
“If the friend’s bills are passed, Coinbase will become a greater center for encryption activity.”
Disintegration
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2025-06-29 10:24:00
