ARK Invest Shifts Crypto Holdings Amidst Market Volatility, Buys Coinbase Stock

Investment firm ARK Invest, led by Cathie Wood, has made strategic changes to its crypto holdings during recent market turbulence. According to their latest trading disclosures, they sold $12.4 million worth of their own Bitcoin spot ETF (ARKB) and bought $13.3 million worth of Coinbase stock (COIN). This move aligns with the firm’s strategy of optimizing for long-term growth in an environment marked by increased volatility in both Bitcoin and U.S. markets.