- Ark Invest sold $17.4 million in Coinbase stock after a series of purchases, marking its first sale in 2026.
- The firm simultaneously invested $17.8 million into shares of Bullish, a digital asset platform that listed in 2025.
- Coinbase shares have declined approximately 37% year-to-date, according to market data.
- Despite the sale, ARK’s three ETFs still hold over $312 million worth of Coinbase stock.
ARK Invest, the prominent asset management firm led by Cathie Wood, shifted from buying to selling shares of Coinbase this week. The firm sold 119,236 shares, valued at roughly $17.4 million, on Thursday according to a trade filing.
This sale signals a notable reversal for ARK, which had been a consistent buyer of the crypto exchange’s stock earlier in the year. The move comes as Coinbase shares hit multi-month lows, slumping around 37% year-to-date according to Nasdaq data.
Meanwhile, ARK used nearly the same capital to purchase $17.8 million worth of shares in Bullish (Bullish). The institution-focused digital asset platform has seen its shares fall more than 60% since its New York Stock Exchange listing in August 2025 according to NYSE data.
Consequently, ARK remains a significant holder of Coinbase across its flagship funds. The firm retains $312 million in Coinbase shares within its ARKK, ARKW, and ARKF exchange-traded funds.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Trader Used $150K In Personal Loans To Buy
- CZ’s “Poor Again” Echoes 2022 as Bitcoin Nears $60K
- Crypto Winter Narratives Revive But No Bottom Yet: Jefferies
- XRP Drops to 2024 Lows, Could $5 Be Next If It Falls Below $1?
- Moving Back to Canada with U.S. Accounts: Tax Mitigation Strategies for Returning Canadians
