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Bitcoin Close to its “Take-off Phase” – What Does it Mean?<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n
Even after these sales, Coinbase remains ARKF\u2019s top holding, making up 10.28% of its assets.<\/p>\n
The reduction in COIN shares suggests concerns about Coinbase\u2019s Q2 earnings report on August 1. Analysts predict a 31% drop in EPS to $1.06.<\/p>\n
Despite rising revenue and net income for three quarters, the outlook is cautious. COIN closed 1.58% higher at $218.02 on Friday but has fallen 12% over the past month due to negative market sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cathie Wood’s Ark Invest sold 2,046 Coinbase shares worth about $450,000 before the exchange\u2019s Q2 earnings report.<\/p>\n","protected":false},"author":3,"featured_media":30400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60],"tags":[72,280,424,384],"coin_category":[],"class_list":["post-133061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-bitcoin","tag-coinbase","tag-crypto","tag-optimism"],"acf":[],"yoast_head":"\n
Ark Invest Trims Coinbase Holdings Before Q2 Report<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\t\n\t\n\t\n