Ark Invest by Cathe Wood reduced his exhibition in Coinbase, selling more than $ 52 million in the company’s shares over two consecutive days last week.
The decision occurred while the stock of Coinbase has climbed up all time, driven by the bullish feeling and the growing institutional interest in actions related to cryptography.
Coinbase leads S&P in June but Ark Invest reduces the exhibition
Commercial data indicates that ARK has sold around $ 12.5 million in Coinbase shares on June 26, followed by a larger sale of $ 40 million the next day. The action rallied during this period, reaching an intraday summit of $ 382 before closing the week at $ 353.
Overall, Coinbase climbed 32% in the last month and increased by more than 42% up to date. This makes it the most efficient stock of S&P 500 for June.
Market analysts attribute this gathering to several factors such as improving regulatory clarity and continuous expansion of products.
A major boost came last week when the US Senate adopted the Stablecoin bill, which is now waiting for a vote in the House.
If it is adopted, the bill could provide long -awaited directives for the digital asset sector, which could increase investors’ confidence in crypto -focused companies.
Beyond the favorable regulations, the growing momentum of Coinbase is also powered by the next product offers.
Analysts of 10x Research underlined the platform plans to launch perpetual future regulated by the United States for Bitcoin and Ethereum on July 21. They also highlighted the solid links of Coinbase with the circle and the growing use of the USDC as catalysts for continuous growth.
In addition, the CEO of Coinbase, Brian Armstrong, also recently praised the institutional force of the company in an update on the X social media platform.
He noted that eight of the first ten Bitcoin companies listed on the stock market use Coinbase Prime. In addition, $ 140 billion in crypto are held in FNB based in the United States, with Coinbase custody responsible for 81% of this figure.
However, despite the strong dynamic, some analysts encourage prudence. 10x Research warned that current assessment levels could be stretched in the short term.
“Our regression model indicates that the coinbase is overvalued…. Despite the strong upward trend, “said analysts.
Nevertheless, the feeling of investors remains largely optimistic, especially since Coinbase continues to shape the conversation around cryptographic policy in Washington.
Time recently appointed the exchange of one of its 100 most influential companies in 2025. The company cited its plea for clearer rules in the digital asset sector and noted its continuous expansion plans.
“If invoices adapted to industry are adopted, Coinbase becomes an even larger center for crypto activities,” said the report.
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