In Brief ARK Investment sold 218,986 shares of Coinbase worth around $90.6 million, continuing a series of COIN sales in July. Despite the ongoing sales, ARK remains one of Coinbase’s top 10 holders. ARK also bought 4.4 million shares of Ethereum-focused Bitmine Immersion, aligning with crypto and blockchain growth. ARK Investment Management announced on Monday…
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Briefly asset managers ARK Invest and 21Shares applied for an Ethereum ETF’s regulatory approval. This would be the first US Ether ETF with direct exposure to the spot price of the cryptocurrency if approved. Grayscale’s spot Bitcoin ETF was denied by the SEC, but a court overturned that decision, resulting in the application. The…
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