Ark Invest sold approximately $13.3 million worth of Coinbase stock yesterday

On July 16th, according to The Block, Ark Invest sold 34207 shares of Coinbase stock worth approximately $13.3 million on Tuesday, after setting a closing price record on Monday. In addition, due to shareholding restrictions, Ark Invest also sold a spot Bitcoin ETF worth $8.7 million. Coinbase closed up 1.8% on Monday, reaching a record high of $394.01, with its market value breaking through the $100 billion mark for the first time.