Home Guides JPMorgan Cautious About Crypto Markets in 2024

JPMorgan Cautious About Crypto Markets in 2024

JPMorgan Cautious About Crypto Markets in 2024


[gpt3] a new article in English that is SEO-optimized and incorporates as many relevant keywords as possible. The article should be based on the information provided in the existing post content. Additionally, please include a dedicated FAQ section and a conclusion section to enhance the reader’s experience

Cathie Wood’s investment firm, ARK Invest, offloaded a sizeable chunk of Coinbase as the shares of the Nasdaq-listed crypto exchange rose to a 20-month high on Wednesday. ARK sold 283,104 shares worth $42.6 million based on Coinbase’s last close of $150.46. The firm has sold over $150 million worth of the shares since Dec. 5. On Wednesday, COIN rose more than 7.7% to top $150 for the first time since April 2022. Despite recent sales, the exchange still constitutes over 10% of ARK’s portfolio and retains the top spot on the investment firm’s list of top 10 holdings. The investment firm also sold some $1.63 million shares of Grayscale Bitcoin Trust.



Source link


Please enter your comment!
Please enter your name here