{"id":126689,"date":"2025-04-08T10:19:00","date_gmt":"2025-04-08T10:19:00","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126689"},"modified":"2025-04-08T10:19:00","modified_gmt":"2025-04-08T10:19:00","slug":"cathie-woods-ark-bags-26m-in-coinbase-shares-unloads-bitcoin-etf","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126689","title":{"rendered":"Cathie Wood\u2019s ARK bags $26M in Coinbase shares, unloads Bitcoin ETF"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCathie Wood\u2019s investment firm ARK Invest is showing a mixed reaction to the United States\u2019 latest trade tariffs, offloading shares of its spot Bitcoin ETF while increasing its position in Coinbase.<br \/>\nARK 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.<br \/>\nThe purchase includes a $13.2 million COIN buy on April 7 and another $13.3 million purchase on April 4.<br \/>\nDespite this bullish move on Coinbase, ARK simultaneously sold $12 million of its ARK 21Shares Bitcoin ETF (ARKB) on April 7. ARKB was one of the spot Bitcoin ETFs that launched in the United States in January 2024.<br \/>\nARKW still offers $142 billion of indirect exposure to Bitcoin<br \/>\nARK\u2019s $12 million ARKB sale from its Next Generation Internet ETF (ARKW) fund is one of the largest daily ARKB sales by the firm.<br \/>\nThe latest dump follows an $8 million ARKB sale on March 3, another $8.6 million sale in February, and two smaller sales from January, totaling $3.5 million.<br \/>\nTop three holdings in ARK\u2019s Next Generation Internet ETF. Source: ARKFollowing the sales, ARKW continues offering indirect exposure to Bitcoin (BTC) through its ARK Bitcoin ETF Holdco, its largest position by market value. As of April 8, it held $142 million in ARKB, accounting for 11% of the fund\u2019s weight, according to ARK\u2019s website.<br \/>\nBitcoin ETFs expand bleeding on tariffs news<br \/>\nThe new trades came amid a major market sell-off, with BTC briefly sliding 11% to as low as $74,700 following the tariffs announcement, according to CoinGecko data.<br \/>\nFollowing $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.<br \/>\nRelated: Michael Saylor\u2019s Strategy halts Bitcoin buys despite dip below $87K<br \/>\nIn the past three trading days, Bitcoin ETFs shed $273 million combined, according to SoSoValue.<br \/>\nSpot Bitcoin ETF data in the period from April 1 to April 7. Source: SoSoValueDespite recent selling pressure, ARK remains one of the few spot Bitcoin ETF issuers with net positive flows year to date. As of April 4, ARK had recorded $146 million in inflows for 2025, CoinShares data shows.<br \/>\nOther issuers with positive year-to-date inflows include BlackRock\u2019s iShares, with $3.2 billion and ProShares, with $398 million.<br \/>\nMagazine: Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler\u2019s Digest, March 30 \u2013 April 5<a href=\"https:\/\/cointelegraph.com\/news\/ark-cathie-wood-buy-27-million-coinbase-tariffs-bitcoin-etf-dump?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCathie Wood\u2019s investment firm ARK Invest is showing a mixed reaction to the United States\u2019 latest trade tariffs, offloading shares of its spot Bitcoin ETF while increasing its&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126689"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126689"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126689\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126689"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}