ARK Invest trimmed its Coinbase position and added to crypto platform Bullish in its latest portfolio moves, selling 134,472 Coinbase shares across three exchange-traded funds (ETFs) and purchasing more than 393,000 shares of Bullish. The Coinbase sale was valued at roughly $22 million based on the day’s disclosed trades.
Latest ARK trades
According to ARK Invest’s daily trade disclosures, the firm sold a combined 134,472 shares of Coinbase across three of its actively managed ETFs, consistent with its practice of rebalancing positions after strong runs. At the same time, ARK increased exposure to Bullish by buying over 393,000 shares.
Shift within crypto exchange exposure
The transactions suggest a continued rotation within ARK’s crypto exchange holdings. Coinbase, the largest U.S.-listed cryptocurrency exchange, has been a significant ARK position since shortly after its 2021 direct listing. The new stake additions in Bullish broaden ARK’s exposure to companies operating crypto trading and market infrastructure.
About Coinbase and Bullish
Coinbase (COIN) is a publicly traded cryptocurrency exchange and custody provider serving retail and institutional clients. Its shares often move with broader digital asset market conditions and trading activity.
Bullish is a cryptocurrency platform focused on trading and market services. The company expanded its footprint in the sector by acquiring crypto media outlet CoinDesk in 2023.
Why it matters
ARK’s daily trade updates are closely watched as a window into how one of the most active thematic managers is positioning around crypto-exposed equities. The latest adjustments highlight ongoing rebalancing in response to market dynamics across digital asset platforms.