- ARK Invest sells $22M Coinbase shares, boosts Bullish stake significantly.
- ARK shifts focus: Dumping Coinbase, increasing Bullish stake amid volatility.
- Cathie Wood’s ARK rebalances portfolio, reducing Coinbase, investing in Bullish.
Cathie Wood’s ARK Invest made a dramatic shift in its cryptocurrency strategy on Friday, unloading $22 million worth of Coinbase shares across multiple exchange-traded funds (ETFs). According to recent trade disclosures, ARK sold 134,472 Coinbase shares—92,737 from the ARK Innovation ETF (ARKK), 32,790 from the Next Generation Internet ETF (ARKW), and 8,945 from the Fintech Innovation ETF (ARKF). The combined transactions amounted to approximately $22.1 million.
This marked a surprising reversal in ARK’s stance on Coinbase, as the firm had only purchased shares of the exchange earlier in the week. The $22 million sale follows a similar move the day before when ARK sold 119,236 Coinbase shares, valued at $17.4 million. This was ARK’s first sale of Coinbase stock in 2026 and its first since August 2025, signaling a shift in sentiment.
Despite the sale, Coinbase stock saw a strong uptick, rising nearly 13% on Friday, closing at around $165. However, the stock remains down by 26% year-to-date, reflecting the broader struggles in the cryptocurrency market.
Also Read: World Mobile Token (WMTX) Price Prediction 2026–2030: Can WMTX Hit $1.85 Soon?
ARK Invest’s Bold Move: Boosting Bullish Stake Amid Crypto Volatility
While reducing its stake in Coinbase, ARK Invest turned its attention to another digital asset platform, Bullish. The firm accumulated 393,057 Bullish shares across its ETFs, totaling $10.7 million in purchases. These included 278,619 shares in ARKK, 70,655 shares in ARKW, and 43,783 shares in ARKF. Bullish saw its stock price rise 10% on Friday, though it is still down 27% year-to-date, highlighting the struggles in the digital asset market.
Bullish’s financial performance has been less than stellar, reporting a net loss of $563.6 million for the fourth quarter of 2025, a sharp contrast to the profit of $158.5 million the company saw a year earlier. Nevertheless, ARK’s strategic move to increase its position in Bullish signals the firm’s belief in the platform’s potential despite the market turbulence.
Alongside these crypto-related changes, ARK made several other portfolio adjustments. The firm added shares in companies like Alphabet, Recursion Pharmaceuticals, and Tempus AI, while trimming its exposure to high-growth technology stocks such as Roku, The Trade Desk, and PagerDuty.
In conclusion, ARK Invest’s actions indicate a shift away from Coinbase toward Bullish, signaling a recalibration of its strategy amid ongoing volatility in the digital asset market. This series of moves highlights how the firm is navigating the turbulence in the crypto space, reshaping its portfolio with caution amid the uncertainty.
Also Read: Teens Drive 600 Miles for Violent Crypto Heist, End Up in Jail on Felony Charges!
