ARK reversed recent Coinbase buying and increased exposure elsewhere across its flagship ETFs, according to filings.
ARK Invest continued adjusting its crypto-related holdings on Friday, cutting back on Coinbase while increasing exposure to Bullish. Recent trades show a clear shift in focus within Cathie Wood’s flagship funds. Market moves came during a strong session for crypto-linked stocks, adding context to the changes.
ARK Reduces Coinbase Positions Following Quick Turnaround
Cathie Wood’s ARK Invest sold roughly $22.1 million worth of Coinbase Global shares across three exchange-traded funds. According to disclosures, most of the sales came from the ARK Innovation ETF (ARKK), with 92,737 shares sold.
Smaller amounts came from ARK Next Generation Internet and ARK Fintech Innovation. In total, ARK sales reached 134,472 shares during Friday’s session.
On Thursday, ARK sold 119,236 Coinbase shares valued at nearly $17.4 million, marking its first Coinbase sale of 2026. That sale came shortly after a brief purchase earlier in the same week, signaling a quick reversal in positioning.
Still, Coinbase shares posted a strong session despite selling pressure. The stock price rose about 13% on Friday and closed near $165. Even with that jump, the year-to-date performance remained weak with a 26% dip, based on Google Finance data.
Latest Disclosures Reveal New ARK Buys and Stock Reductions
While reducing Coinbase exposure, ARK Invest expanded its position in Bullish. The purchases totaled 393,057 shares across the same three ETFs. ARK Innovation ETF led the buying with 278,619 shares, followed by ARK Next Generation Internet with 70,655 shares and 43,783 shares in the ARK Fintech Innovation fund. The combined value of those purchases reached about $10.7 million.
Bullish shares finished Friday near $27, up about 10% on the day. Even with that daily gain, the year-to-date performance remains weak, with shares down 27%. Recent financial results weighed on sentiment after Bullish reported a fourth-quarter 2025 net loss of $563.6 million.
Additional portfolio changes extended beyond crypto-linked names. ARK Invest added positions in Alphabet, Recursion Pharmaceuticals, and Tempus AI during the same trading window. At the same time, exposure fell across several high-growth technology companies.
Reductions occurred in several growth-focused names, including Roku, The Trade Desk, and PagerDuty.
The post ARK Invest Sells $22M in Coinbase Shares While Increasing Exposure to Bullish appeared first on Live Bitcoin News.
Source: https://www.livebitcoinnews.com/ark-invest-sells-22m-in-coinbase-shares-while-increasing-exposure-to-bullish/
