ARK Invest, one of the companies that filed an application for a spot Bitcoin exchange-traded fund (ETF), is again taking profits on its Coinbase (NASDAQ:COIN) shares as the stock price surges.
On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF, according to a trade notification seen by Cointelegraph. Coinbase stock reached $119.7 per share at the time of the sale, giving the transaction a value of $5.3 million, data from TradingView shows.