Ark Invest Buys Another $8 Million Worth of Coinbase Stock and Sells Similar Amount in Bitcoin ETF

Odaily News Ark Invest bought $8 million worth of Coinbase shares and sold $8.2 million of its own Bitcoin ETF (ARKB). The adjustment occurred after the crypto market retreated due to Trump's statement on tariff policy. Ark Investment's strategy aims to keep the fund diversified and avoid holding more than 10% in a single position. Coinbase is currently the sixth largest holding of the ARKW fund, accounting for 6% and a market value of approximately $99.01 million. The ARKB fund's Bitcoin ETF is still its largest holding, with a market value of approximately $169.8 million. (TheBlock)