Back to the list

Breaking: Ark Invest Sells Coinbase (COIN) Shares Ahead Spot Bitcoin ETF, Cathie Wood Bearish?

source-logo  coingape.com 30 December 2023 13:40, UTC

Cathie Wood’s asset management firm Ark Invest offloaded additional Coinbase (COIN) shares as spot Bitcoin ETF approval window opens in early January 2024. Cathie Wood seems to be bearish on Bitcoin and crypto shares as the SEC is likely to approve spot Bitcoin ETFs as of January 10, considering it as a ‘sell the news’ event.