Cathie Wood's ARK Fintech Innovation ETF has sold its investment in Coinbase for $13.5 million. Earlier this month, ARK had acquired over $20 million worth of COIN shares. While COIN's announcement of its expansion into Brazil caused a rally, the stock is still lower compared to 2022. The sale of the investment in Coinbase was made on Tuesday by ARK Investment Management.
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✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 139 points or 0.24% at 58,214.59, and the Nifty was up 44.40 points or 0.26% at 17,151. 📊Among sectoral, Nifty Pharma (⬆️1.04%) turned out to be the best performer while Nifty Metal (⬇️ 0.04%) saw considerable selling.
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VST Tillers Tractors' shares surged 18.5% to Rs 2,572 on the BSE on Wednesday, after the firm announced that it had produced a total of 500,000 power tillers from its Malur - Bengaluru plant in Karnataka. At 12.30 pm, the stock was trading 9% higher than its previous day's closing price of Rs 2,170.6.
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