Coinbase Shares Sold by Ark Invest as Bitcoin Hits Record High

Cathie Wood's Ark Invest has capitalized on the recent Bitcoin rally by divesting significant portions of its holdings in Coinbase Global and Robinhood. On July 10, 2025, Ark Invest sold $6.5 million worth of Coinbase shares and $5.8 million in Robinhood stock through its Ark Innovation ETF. This move came as Bitcoin surpassed $118,000, driving both equities up by over 4%. The sales involved 16,627 COIN shares and 58,504 HOOD shares, highlighting institutional profit-taking during crypto market peaks. This strategic divestment reflects Ark's active portfolio management amid Bitcoin's bullish momentum, though the firm maintains a long-term bullish outlook on digital assets. The transaction underscores how major players are balancing short-term gains with sustained crypto exposure in a rapidly evolving financial landscape.

Ark Invest Offloads Coinbase and Robinhood Shares Amid Bitcoin Rally

Cathie Wood's Ark Invest divested $6.5 million in Coinbase Global shares and $5.8 million in Robinhood stock on Thursday, capitalizing on their upward trajectory during bitcoin's surge. Both equities climbed over 4% as BTC breached $118,000, demonstrating institutional profit-taking during crypto market highs.

The sales occurred through Ark Innovation ETF's liquidation of 16,627 COIN shares and 58,504 HOOD shares, alongside $1.7 million in Block Inc. positions. Coinbase's partnership with Perplexity AI for crypto data services contrasts with Robinhood's regulatory challenges over European tokenization plans.

Bitcoin Hits Record $118,670 as Institutional Demand Fuels Rally

Bitcoin surged to an unprecedented all-time high of $118,670, marking a 6.06% gain in 24 hours as institutional capital floods the market. The cryptocurrency now commands a $2.34 trillion market capitalization with $108.94 billion in daily volume, reflecting 89% growth in trading activity.

Ethereum joined the rally by breaching the $3,000 psychological barrier, signaling broad-based crypto market strength. The bullish momentum extends across timeframes - Bitcoin shows 8.36% weekly gains and 7.91% monthly returns, with ETF inflows surpassing $50 billion year-to-date.

Market structure appears fundamentally altered as regulated investment vehicles absorb supply. 'This isn't retail FOMO anymore - we're seeing pension funds and asset managers building strategic positions,' noted a Coinbase institutional trader during the Asian trading session.

XRP Price Prediction: $20 Still in Play as Ethereum-Based Rival Emerges

XRP's recent surge to $2.43—a seven-week high—has reignited bullish forecasts, with some analysts maintaining $20 remains achievable. The Optimism stems from RippleNet's expanding banking partnerships, resolution of the SEC lawsuit, and speculation about a ProShares ETF. Technical indicators show strength, with the token trading above both 50-EMA ($2.29) and 200-EMA ($2.22). A breakout above $2.47 could trigger a run toward $3, though bears caution a drop below $2.15 may test $1.90 support.

Meanwhile, Ethereum-based Remittix has entered the conversation after raising $16 million at $0.0811 per token. Strategic XRP transfers—including 25.5 million to Coinbase and 200 million to an unknown wallet—suggest institutional positioning ahead of regulatory developments. The market now watches whether traditional finance adoption or emerging payment tokens will dominate 2025's narrative.

Coinbase Integrates Copper's ClearLoop for Institutional Crypto Trading

Coinbase has partnered with Copper to integrate its ClearLoop network, enabling institutional clients to access off-exchange collateral management and settlement services. The collaboration aims to reduce counterparty risk and improve capital efficiency while leveraging Copper's multi-party computation (MPC) technology for secure asset storage and NEAR real-time settlements.

The MOVE signals growing institutional demand for robust crypto infrastructure, with Coinbase positioning itself as a key player in bridging traditional finance and digital assets. This integration could accelerate institutional adoption by addressing critical pain points around security and operational efficiency.

Coinbase and Perplexity AI Partner to Transform Crypto User Experience

Coinbase's collaboration with Perplexity AI marks a strategic shift beyond real-time price tracking, aiming to redefine user engagement with digital assets. The partnership signals growing institutional interest in enhancing accessibility and utility for cryptocurrency investors.

By integrating advanced AI capabilities, the initiative could set new standards for market data interpretation and decision-making tools across exchanges. The move reflects broader industry trends toward sophisticated analytics interfaces in crypto trading platforms.

Bitcoin’s Breakout Rally Signals Institutional Shift, Says OKX Europe CEO

Bitcoin reached a new all-time high of $118,909 on Coinbase, marking a pivotal moment in institutional adoption. OKX Europe CEO Erald Ghoos attributes the surge to Bitcoin's role as a "digital macro hedge" amid rising global trade tensions and liquidity-driven policies.

Corporate treasuries and sovereign wealth funds are increasingly viewing BTC as "digital gold," according to recent reports. With ETF inflows accelerating and volatility at decade lows, July is emerging as a defining period for the cryptocurrency.

"Bitcoin looks purpose-built for this environment," Ghoos noted, highlighting its structural advantages despite ongoing ECB caution. The rally triggered record liquidations, wiping out thousands of short positions in its wake.