Cathie Wood’s ARK bags $26M in Coinbase shares, unloads Bitcoin ETF
ARK Invest sold $12 million in Bitcoin ETF shares while buying $26.6 million in Coinbase stock in April, reacting to market volatility following Trump’s tariffs announcement.
Cathie Wood’s investment firm ARK Invest is showing a mixed reaction to the United States’ latest trade tariffs, offloading shares of its spot Bitcoin ETF while increasing its position in Coinbase.
ARK has acquired $26.6 million of Coinbase (COIN) stock since US President Donald Trump announced new trade tariffs on April 2, according to trading data seen by Cointelegraph.
The purchase includes a $13.2 million COIN buy on April 7 and another $13.3 million purchase on April 4.
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