Janus Henderson Sells 384,553 Shares of Coinbase Amid Market Volatility

Janus Henderson Group PLC has reduced its holdings in Coinbase Global Inc. by 70% during the first quarter, selling 384,553 shares of the cryptocurrency exchange's stock.

The firm owned approximately 164,751 shares of Coinbase after the sale and had a stake worth $28.77 million as of its most recent SEC filing.

This reduction in holdings is part of a larger trend where institutional investors are adjusting their positions in response to market fluctuations and regulatory changes.

As the crypto market continues to evolve, companies like Coinbase are diversifying their services to reduce dependence on spot crypto trading, including growth in derivatives, stablecoins, prediction markets, Base, and agent-driven finance.