ARK Invests $26 Million in Coinbase Amidst Bitcoin ETF Sales

Investment firm ARK Invest executed contrasting moves in April, purchasing $26.6 million worth of Coinbase stock while selling $12 million in Bitcoin ETF shares. This decision follows President Trump’s trade tariffs announcement and came amidst a market downturn marked by a 11% drop in Bitcoin to around $74,700. ARK made two substantial Coinbase purchases totaling $13.3 million on April 4th and $13.2 million on April 7th.