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

Coin Telegraph LogoCoin Telegraph1w ago

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

Quick Summary:

Cathie Wood’s investment firm ARK Invest is showing a mixed reaction to the United States’ latest trade tariffs, offloading shares of its spot Bitcoin ETF while increasing its position in Coinbase.ARK has acquired $26.6 million of Coinbase (COIN) stock since US President Donald Trump announced new trade tariffs on April 2, according to trading data seen by Cointelegraph.

Following $207 million in outflows from global Bitcoin exchange-traded products (ETP) last week, Bitcoin ETFs continued bleeding, starting the week with fresh $109 million outflows on April 7, according to data from SoSoValue.

Related: Michael Saylor’s Strategy halts Bitcoin buys despite dip below $87KIn the past three trading days, Bitcoin ETFs shed $273 million combined, according to SoSoValue.

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Article Details

Author / Journalist: Cointelegraph by Helen Partz

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 10:43:22 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27720530

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 30 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "Cathie Wood’s ARK bags $26M in Coinbase shares, unloads Bitcoin ETF" was covered 1 weeks ago by Coin Telegraph, a news publisher based in United States.

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