Ark Invest sells more Coinbase shares as December offloads top $200 million
Ark Invest disposed of another 80,118 Coinbase shares ($13.5 million) on Thursday.The investment management firm has now sold over $200 million worth of Coinbase shares this month, rebalancing its fund weightings amid a surge in COIN’s price.
Of the total offloaded on Thursday, Ark sold 68,769 Coinbase shares ($11.6 million) from its Innovation ETF and 11,349 ($1.9 million) from its Next Generation Internet ETF.
Adding to the $108 million and $59 million worth of Coinbase shares Ark sold in the first and second weeks of December, respectively, plus the $30 million in COIN already offloaded this week, the investment management firm has now sold approximately $210.5 million worth of the stock this month.
Coinbase shares gain 60% in December
Ark has continued to rebalance its fund weightings amid a surge in COIN’s price during December, gaining more than 60% over the past month. Coinbase stock closed at $168.03 yesterday, up 3.8% for the day. COIN reached $170.07 earlier on Thursday — the highest level since March 2022, according to TradingView. Coinbase shares have increased by more than 360% year-to-date, but the stock is still trading 51% below its November 2021 all-time high.
COIN/USD price chart. Image: TradingView .
Coinbase is currently valued at just over $30 billion, according to The Block’s data dashboard.
Coinbase was granted approval by France's markets regulator, AMF, yesterday, securing a virtual asset service provider license. The VASP registration will let the company offer custody of digital assets, buying or selling digital assets in legal tender and trading of digital assets against other digital assets in the country.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MAGACOIN FINANCE: The 2025 Bull Market Breakout with 18,000% ROI Potential
- MAGACOIN FINANCE emerges as a 2025 altcoin contender with Bitcoin-like scarcity and Ethereum-based deflationary mechanics. - Its 12% transaction burn rate and 170B token cap create supply-driven value, verified by HashEx and CertiK audits. - Whale investments and presale progress signal strong institutional confidence, with analysts projecting 18,000% ROI potential. - Unlike SHIB, its structured tokenomics and scarcity model position it to outperform in a market prioritizing fundamentals over virality.
XRP's Emerging Role in Institutional Portfolios: Gumi’s $17M Strategic Move and Its Implications
- Tokyo-based Gumi Inc. invested $17M in XRP to expand blockchain financial services, pairing it with Bitcoin staking for a dual-asset strategy. - XRP’s sub-5-second settlements and $0.0004 fees drive institutional adoption, with RippleNet processing $1.3T in Q2 2025 and 300+ financial partners. - SEC’s XRP commodity reclassification and 45+ new Ripple partnerships boost adoption, while ETF inflows and regulatory clarity project $2.50–$5 price targets. - Emerging rivals like Remittix challenge XRP’s domina
XRP's Ambitious $100 Target: Timing the Market and Accumulating Wealth
- XRP’s $100 target by 2030 remains debated, with current prices at $2.82 (Aug 30, 2025) after a 4.85% daily drop but a 402.8% annual gain. - A 2025 U.S. court ruling cleared XRP as non-sec in secondary markets, unlocking $8.4B in ETF inflows and boosting institutional adoption via Ripple’s $1.3T Q2 2025 ODL transactions. - To reach $1M, investors would need 10,000 XRP at $100, costing ~$28,200 today, with top 1% holders owning 50,023 XRP. - Bullish forecasts hinge on 14% SWIFT market capture (potential $2
Contrarian Crypto Strategies: Navigating 2025's Stagnant Market for Altcoin Gains
- The 2025 crypto market shows Bitcoin correction to $112,000, shifting capital toward high-utility altcoins and institutional-grade layer-1 protocols. - Institutional investors favor blue-chip layer-1s like Solana and Ethereum, while speculative altcoins struggle with low fundamentals and fragmented liquidity. - Contrarian strategies focus on projects with real-world adoption (e.g., Solana's Firedancer upgrade, Cardano's Goguen upgrade) and regulatory clarity like the GENIUS Act. - A 60-40 portfolio balan
Trending news
MoreCrypto prices
More
