Ark Invest Sells 0.1% of Coinbase (COIN) Amid Strong 80% Rally and Insider Sales

Ark Invest sold 3,769 Coinbase (COIN) shares from their Fintech Innovation ETF (ARKF) for $1.08 million.

That’s 0.1% of their total holdings. It’s not a big sale but it’s during a bounce in the stock which is up 11.2% in the last week and still going strong on the Street.

They had put a big bet on Coinbase last year when the stock was at $150. Since then the stock has gone up 91%. This sale is part of their regular portfolio rebalancing even though the fintech ETF is up 50% in the last year.

Coinbase’s Growth and Analyst Outlook for 2025

Coinbase is up 80% in the last year. As the largest US based crypto exchange the company is benefiting from the broader crypto market rally in 2024. Analysts expect more upside, with the stock potentially going to $400 before the Q4 earnings. That’s 37% from current price of $287.

The rally is being supported by the good regulatory environment, especially with the change in US government under new leadership. Many investors including Cathie Wood are bullish on crypto and the potential for more growth under Trump’s presidency.

Insider Sales and Future Prospects

Despite the good outlook for Coinbase, the company has seen more insider sales in the last few months. Coinbase’s Chief Technology Officer, Paul Grewal sold 10,000 shares on January 2, 2025 for $2.5 million. That reduced his stake by 12.59% and he now holds 69,400 shares worth $17.82 million. Grewal has been selling stock for a while and that’s raised questions about the company’s internal sentiment.

These insider sales along with Ark Invest’s small sale is part of a broader trend where key people at the company are taking profits. That’s making some investors worried about the sustainability of the rally but analysts are still bullish on the long term growth.

Key Points:

  • Ark Invest sold 3,769 shares of Coinbase (COIN) from its ARKF ETF, worth $1.08 million.
  • Coinbase stock has surged 80% in the last year, with analysts expecting a further 37% upside.
  • Insider sales are raising questions, including a recent sale by Coinbase’s CTO of 10,000 shares worth $2.57 million.

Despite the insider sales, both Ark Invest and analysts remain confident in the future of Coinbase, with hopes for significant growth ahead.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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