Coinbase selling spree is continuing at ARK Invest, as Cathie Wood’s firm unloaded another $22 million worth of shares while increasing its stake in crypto platform Bullish. According to ARK’s trade disclosures, the firm sold 134,472 Coinbase Global shares across three ETFs: the ARK Innovation ETF (ARKK), the Next Generation Internet ETF (ARKW), and the Fintech Innovation ETF (ARKF). This Coinbase selling spree marks a continued shift in ARK’s crypto investment strategy.
ARK boosts Bullish stake amidst Coinbase moves
While reducing its Coinbase holdings, ARK Invest simultaneously increased its investment in Bullish. The firm purchased 278,619 shares in ARKK, 70,655 shares in ARKW and 43,783 shares in ARKF, accumulating a total of 393,057 shares worth $10.7 million. This move suggests a potential shift in focus towards alternative crypto platforms.
Bullish shares ended the trading day near $27, up about 10%. However, the stock is down by 27% YTD as the company reported a net loss of $563.6 million, or $3.73 per diluted share, in the fourth quarter of 2025, reversing a profit of $158.5 million recorded a year earlier.
“ARK Invest’s recent trades reflect a dynamic approach to managing its crypto portfolio, balancing exposure to established players like Coinbase with emerging platforms like Bullish.”
Alongside the crypto moves, ARK added Alphabet, Recursion Pharmaceuticals and Tempus AI, while reducing exposure to several high-growth technology companies including Roku, The Trade Desk and PagerDuty.
Why the Coinbase selling spree?
The recent Coinbase selling spree raises questions about ARK Invest’s long-term outlook on the crypto exchange. While Coinbase stock climbed during the Friday session, closing at about $165 after gaining roughly 13% on the day, the exchange’s shares are still down by 26% year-to-date (YTD), according to data from Google Finance. Could concerns about profitability or regulatory headwinds be driving this decision?
As Cointelegraph reported, a fourth-quarter pullback in digital asset markets hurt several of Cathie Wood’s ARK ETFs. In its latest quarterly report, ARK said weakness in companies tied to digital assets, particularly Coinbase, was a major drag on flagship funds including ARKK, ARKW and ARKF. Stay up-to-date with related Crypto news.
Impact on ARK ETFs
The continuous Coinbase selling spree and the increased investment in Bullish will likely impact the performance of ARK’s various ETFs. Investors should carefully consider these shifts when evaluating their own portfolios. The decision to reduce exposure to Coinbase, a well-established name in the crypto space, while increasing exposure to Bullish, a platform with a more recent track record, indicates a willingness to take on higher risk for potentially higher returns. The Coinbase selling spree is definitely something to watch.
Source: Cointelegraph
