Cathie Wood’s ARK Dumps $39M in Coinbase, Loads Up on Bullish Stock
The post Cathie Wood’s ARK Dumps $39M in Coinbase, Loads Up on Bullish Stock appeared on BitcoinEthereumNews.com.
TLDR ARK Invest sold $39 million worth of Coinbase shares over two days while buying $28 million in Bullish stock Thursday trades saw $17.8 million in Bullish purchases and $17.4 million in Coinbase sales across ARKK, ARKW, and ARKF Friday sales added another $22 million in Coinbase disposals plus $10.7 million in additional Bullish buys Bullish reported $92.5 million in Q4 revenue, beating estimates despite posting a $3.73 per share loss Coinbase stock is down 26% year-to-date while Bullish has fallen 27% despite recent gains Cathie Wood’s ARK Invest has made a major shift in its crypto exchange holdings. The investment firm sold approximately $39 million in Coinbase stock while purchasing more than $28 million worth of Bullish shares. The trading activity began Thursday when ARK bought 716,030 Bullish shares worth $17.8 million. These purchases were distributed across three flagship funds: ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. Bullish, BLSH On the same day, ARK sold 119,236 Coinbase shares valued at $17.4 million. This represented the firm’s first Coinbase sale in 2026 and the first since August 2025. ARK continued its Coinbase selling spree on Friday. The firm disposed of 134,472 shares worth $22.1 million across its three main ETFs. Friday also saw ARK accumulate more Bullish stock. The firm purchased 393,057 shares valued at $10.7 million, bringing its two-day Bullish buying total to over 1.1 million shares. Portfolio Allocation Changes After the transactions, Bullish represents 1.68% of ARKK holdings. The crypto exchange makes up 1.43% of ARKW and 2.37% of ARKF. Coinbase maintains larger positions in each fund. The exchange accounts for roughly 3.7% of ARKK, 3.44% of ARKW, and 4.95% of ARKF. The rotation came shortly after Bullish released quarterly earnings results. The crypto platform reported a loss of $3.73 per share…
Filed under: News - @ February 9, 2026 1:26 pm