ARK offloads $17 million of Coinbase, adds $18 million of Bullish amid crypto rout

ARK offloads $17 million of Coinbase, adds $18 million of Bullish amid crypto rout

COIN lost 13.34% on the day to close at $146.12 amid ongoing tanking of the crypto market which has seen bitcoin fall as low as $60,000, its lowest since November 2024.

Cathie Wood's Ark Invest Dumps Coinbase Shares Amid Bitcoin Crash

Noted tech investor Cathie Wood's Ark Invest dumped shares in Coinbase on Thursday amid Bitcoin's slide to nearly $60,000.

ARK Invest’s Strategic Shift: Sells $17M in Coinbase, Bets Big on Bullish

Cathie Wood’s ARK Invest has been active in the crypto industry, partly selling 17.4 million in Coinbase (COIN) shares while also investing $17.8 million into Bullish (BLSH), a digital asset platform geared towards institutional investors. This move aligns with the crypto industry, which is stumbling, wherein Coinbase’s share price has dropped 37% on a year-to-date basis and is now at multi-month lows. ARK Invest Sells Coinbase Shares, Holds $31…

Cathie's ARK Invest Sells $17M Coinbase Stock, Buys Bullish Shares

ARK Invest sells $17M in Coinbase shares and buys Bullish stock as crypto-related equities face sharp declines.

ARK Invest Dumps Coinbase, Buys Bullish Shares

ARK Invest, the asset manager led by Cathie Wood, has shifted its trading stance on crypto equities, moving away from Coinbase stock as the shares extended declines and turning toward Bullish, the NYSE-listed digital asset platform. In a Thursday filing observed by researchers, ARK sold 119,236 shares of Coinbase stock (EXCHANGE: COIN) for roughly $17.4 million, a move that comes on the heels of a smaller purchase the prior day. The stock has st…

Cathie Wood’s ARK dumps $17M in Coinbase stock as shares fall 37% YTD

ARK Invest sold $17.4 million in Coinbase while buying $17.8 million of Bullish shares, signaling a major shift in strategy as crypto markets stumble. …