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ARK Invest Sells $22M in Coinbase ...

ARK Invest Sells $22M in Coinbase, Boosts Exposure to Bullish — Cathie Wood’s Crypto Shift

ARK Invest sells $22M in Coinbase shares while boosting exposure to Bullish across flagship ETFs, signaling a strategic shift in Cathie Wood’s crypto holdings.

DWN Staff

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ARK Invest quietly reshuffled its crypto-related holdings, selling roughly $22 million in Coinbase shares while increasing exposure to Bullish across several flagship ETFs, according to recent filings. The moves underscore a notable shift in Cathie Wood’s approach to crypto exposure inside her actively managed funds.

The filings show ARK reversed portions of earlier Coinbase purchases and reallocated capital toward Bullish, the crypto exchange-backed platform. These adjustments came during a strong trading session for broader markets, suggesting the rebalancing was tactical rather than reactive. While ARK’s ETFs remain committed to crypto-adjacent investments, this trade highlights how fund managers can pivot quickly between equity exposure (Coinbase) and alternative crypto platforms (Bullish).

For investors tracking ETF flows, the headline figure — $22M in Coinbase stock sold — is meaningful but not necessarily alarming. ARK’s portfolios often undergo frequent adjustments as the firm manages risk and seeks higher-conviction opportunities. Increasing exposure to Bullish may reflect ARK’s view on where competitive advantages and growth opportunities now lie within the crypto ecosystem.

Bullish, positioned as a crypto exchange and trading platform, provides a different kind of exposure than owning shares of Coinbase. Coinbase (COIN) represents a publicly traded exchange operator with direct equity exposure to retail and institutional trading volumes. Bullish exposure, by contrast, can give ARK more targeted access to alternative exchange mechanics or strategic partnerships without adding more Coinbase equity to the funds.

What this means for retail and institutional investors: watch ARK’s filings if you want a window into how one of the industry's most active crypto allocators is thinking. The trade signals a re-evaluation of platform versus operator bets in the crypto sector. Investors should consider their own risk tolerance and time horizon before mirroring such moves, as ARK’s active trading strategy may not align with long-term buy-and-hold approaches.

In short, ARK Invest’s sale of Coinbase shares and increased allocation to Bullish highlights a tactical rotation within Cathie Wood’s flagship ETFs. The shift reinforces the importance of staying informed through regular filings and understanding the nuanced differences between crypto equity exposures.

Published on: February 9, 2026, 3:05 pm

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