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Image Credit: Coin Telegraph

Cathie Wood’s ARK bags $26M in Coinbase shares, unloads Bitcoin ETF

  • Cathie Wood's ARK Invest has acquired $26.6 million of Coinbase stock since new trade tariffs were announced.
  • ARK simultaneously sold $12 million of its ARK 21Shares Bitcoin ETF (ARKB) while increasing its position in Coinbase.
  • ARKW still holds $142 million in ARKB, offering indirect exposure to Bitcoin (BTC).
  • Bitcoin ETFs experienced outflows amid the market sell-off, with ARK being one of the few with net positive inflows year to date.

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