Cathie Wood’s ARK Invest is playing a game of financial chess, and it’s as wild as it sounds. Amidst the chaos of President Trump’s tariffs, ARK made some big, some may say reckless moves.
They purchased $26.6 million in Coinbase shares, but simultaneously sold $12 million worth of Bitcoin ETFs.
Portfolio rebalancing?
Now, let’s break it down, how it was! ARK bought big into Coinbase, with purchases on April 4 and April 7.
It’s a vote of confidence in the crypto exchange, despite regulatory pressures. But on the other side, they’re dumping Bitcoin ETFs. The ARK 21Shares Bitcoin ETF took a hit, with $12 million sold on April 7.
It’s not all bad news, though, ARKW still offers indirect exposure to Bitcoin, holding $142 million in ARKB.
Red day
The market’s been a mess, with Bitcoin briefly plummeting 11% after the tariffs announcement.
Bitcoin ETFs have been bleeding as well, with outflows reaching $273 million over three days.
Yet, ARK remains one of the few spot Bitcoin ETF issuers with positive flows this year. They’ve had $146 million in inflows, which is no small feat.
What to do?
But the real question is what does this mean for you? Well, it’s a yet another reminder that in the world of crypto and finance, nothing is ever certain. ARK’s moves show they’re adaptable, but also cautious.
They’re betting big on Coinbase, but hedging their bets on Bitcoin ETFs. It’s a delicate dance, and only time will tell if they’re right.
Cathie Wood’s ARK is known for its innovative approach, and this is just another chapter in their story.
Whether you’re a fan of Bitcoin or Coinbase, one thing’s clear, ARK is always on the move, and you better be ready to keep up.
Have you read it yet? Crypto whale cashout missed millions in potential gains
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
