
Ark Invest cashes in $53M as Coinbase shares reach 12-month high
This week, Ark Invest funds sold more than double the amount of Coinbase shares they bought in June when the SEC sued the exchange.
Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.

GBTC shares have outperformed Bitcoin over the past month.

Changpeng Zhao's comments concern BlackRock, Fidelity, and other financial giants as they race to enter the Bitcoin spot ETF market.

The move mirrors the other applications filed by Cboe Global Markets on behalf of global asset manager Fidelity and ARK Investments, which also chose to list Coinbase as their SSA partner.

The market continues to favor Bitcoin investment products as it anticipates the approval of spot Bitcoin ETFs in the U.S.

News of impending rejection from the SEC over language concerning surveillance agreements have led to a wave of updated refilings.

The SEC's "rejection" of several spot Bitcoin ETFs, first reported by the Wall Street Journal on June 30, has more to do with clarity of language than rejecting the applications on principle.



