Odaily News Ark Invest bought 41,032 shares of Coinbase for its Next Generation Internet Exchange Traded Fund (ARKW) on Tuesday, worth $8.7 million, and sold $8.6 million worth of spot Bitcoin ETFs amid a general sell-off in the cryptocurrency market. This is the first time Ark has purchased Coinbase shares for its fund since it bought $2.2 million worth of COIN on October 8 last year. According to the company's disclosure, as of February 25, COIN is currently the sixth largest holding in its ARKW fund, with a weight of 5.5% and a value of approximately $94.4 million. (The Block)