• According to a daily trading report emailed, ARK sold shares worth $34.3 million from three different funds.
  • Coinbase’s shares have risen 19% since its previous sale. Earnings are expected to be reported after the close of the market.

ARK Invest (the Cathie Wood investment vehicle) sold Coinbase stock for the very first time in a whole month on Wednesday. This was a day ahead of the fourth quarter earnings report from the crypto exchange.

ARK sold shares worth $34.3 million from three different funds according to a daily trading report emailed. It reported the last sale of stock on Jan. 11,

BTC Price Index and Live Chart – CoinDesk”>(BTC), the largest cryptocurrency by market cap, climbed through $52,000. The Nasdaq composite stock index rose 5.9% during the same time period.

As the crypto market surged, the exchange will likely report stronger earnings and revenues in its results. Robinhood, a trading platform that also covers crypto, reported an increase of 10% in crypto revenue for the quarter.