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Follow on Google News | ![]() Bartis HK - ARK Profits as Coinbase Trades Highest This YearArk Invest, led by Cathie Wood, is capitalizing on its strategic acquisition of Coinbase (COIN) over the past year
The firm, based in St. Petersburg, Florida, unloaded 135,000 shares as the price exceeded $92 per share during yesterday's intraday trading. Coinbase shares experienced a boost following the announcement of a potential agreement to share surveillance data for Bitcoin ETFs. Coinbase plans to collaborate with Cboe's BZX Exchange to share market data for at least three of its Bitcoin spot exchange-traded fund (ETF) applications. The Securities and Exchange Commission (SEC) has been resistant to spot market Bitcoin ETFs, citing the "fragmented and unregulated" The recent sale represents a minuscule portion of Ark Invest's Coinbase holdings. Ark Invest, which specializes in disruptive technologies, possesses slightly over 11 million COIN shares across three ETFs—ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Coinbase stock also constitutes 8.25% of the total weight in its flagship ARKK ETF fund, second only to Tesla (TSLA) at 11.18%. It is the highest weighted investment in the other two ETFs. At Bartis Investment Limited, we believe that everyone deserves the same access to the global financial markets regardless of their jurisdiction. Our focus is on long term financial stability. We pride that our prudent management philosophies have guided us to endure the many financial turmoil's in the past decade. Visit us at (https://bartis- End
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