- Ark Invest sold $43.8 million in Coinbase shares as the stock hovered near its all-time high.
- The sale spanned across ARKK, ARKW, and ARKF ETFs as Coinbase surged over 40% in a month.
- Earlier, Ark offloaded $12.5M in Coinbase shares as optimism grew around U.S. crypto policy.
Ark Invest has trimmed its position in Coinbase once again. On Monday, the firm sold 124,892 shares of the crypto exchange. The total value of the sale was approximately $43.8 million. The sale happened as Coinbase stock traded near its record high.
Coinbase stock closed the day at $350.49, down 0.83%. According to Yahoo Finance, Coinbase has surged over 42% in the last month. It has also gained more than 41% since the start of the year.
Ark Invest’s latest sell-off was triggered by three of its ETFs. The ARK Innovation ETF (ARKK) sold 77,956 shares. The ARK Next Generation Internet ETF (ARKW) offloaded 29,802 shares, and the ARK Fintech Innovation ETF (ARKF) sold 17,134 shares.
Cathie Wood’s firm continues to adjust its exposure to crypto-linked equities. This sale marks one of its larger disposals in recent weeks. Coinbase remains a major holding in several Ark ETFs, even after recent reductions.
Ongoing Adjustments to Coinbase Exposure
Ark Invest has been gradually reducing its Coinbase holdings. Last Thursday, the ARKK fund sold 33,363 Coinbase shares worth $12.5 million. The sell-off also included 189,649 shares of Block Inc. and 182,528 shares of Roblox, with the total value of the sales reaching $24.8 million. The timing of the sales aligns with Coinbase’s recent surge in value.
The surge in Coinbase stock follows optimism in the U.S. crypto sector. Investors are responding to regulatory advances in Washington. This has boosted market optimism over crypto-related stocks. Coinbase, one of the leaders in the field, experienced significant returns. Ark Invest has capitalized on the rally to make profits. Still, it continues to hold a substantial stake in Coinbase.
Data shows Ark has frequently adjusted its Coinbase holdings since 2021. The firm often buys during dips and sells during rallies. This strategy reflects its active management approach to high-volatility stocks.
Related: Coinbase Launches Full-Stack USDC Payment Platform
Stock Rises Amid Regulatory Developments
Coinbase’s rise comes amid broader shifts in U.S. crypto policy. Investors expect greater regulatory clarity in the coming months. The GENIUS stablecoin bill is one key part of that outlook. If passed, it could offer a clearer legal path for stablecoin issuers. The bill now awaits a vote in the House of Representatives.
Such clarity may benefit crypto platforms like Coinbase. The exchange offers trading services and custody for many digital assets. Improved policy frameworks could boost institutional interest and market activity.
Ark Invest has often cited regulatory clarity as a key factor. The firm tracks legislative updates closely. It also adjusts its portfolios in response to market reactions to policy news. Despite the recent sales, Ark still holds a strong belief in digital assets. Coinbase remains one of the top positions in ARKK and ARKW. These ETFs focus on technology and innovation-related stocks.
Coinbase has continued to expand its services since 2024. It recently added new staking and custody features. The firm also gained attention for its involvement in U.S. policy debates. Its executives have met with lawmakers to discuss crypto legislation.
Cathie Wood has praised Coinbase’s role in the crypto ecosystem. Ark’s reports have previously highlighted Coinbase’s earnings growth and user expansion. The recent sales reflect portfolio rebalancing rather than a change in the long-term view.
As Coinbase stock hovers near record highs, Ark Invest continues to manage its exposure carefully. The firm may adjust its position again if market conditions shift. Investors are watching closely for future moves.
