Cathie Wood's ARK Invest Sells Bitcoin ETF Shares, Buys the Dip on Coinbase

Cathie Wood's investment firm ARK Invest is showing a mixed reaction to the United States' latest trade tariffs, offloading shares of its spot Bitcoin ETF while increasing its position in Coinbase.

Cathie Wood's investment firm ARK Invest is showing a mixed reaction to the United States’ latest trade tariffs. The firm offloaded shares of its spot Bitcoin ETF while increasing its position in Coinbase.

According to trading data seen by Blockware, ARK has acquired $26.6 million of Coinbase (COIN) stock since U.S. President Donald Trump announced new trade tariffs on April 2.

The purchase includes a $13.2 million COIN buy on April 7 and another $13.3 million purchase on April 4.

Despite this bullish move on Coinbase, ARK simultaneously sold $12 million of its ARK 21Shares Bitcoin ETF (ARKB) on April 7. ARKB was one of the spot Bitcoin ETFs that launched in the U.S. in January.

The latest dump follows an $8 million ARKB sale on March 3, another $8.6 million sale in February, and two smaller sales from January, totaling $3.5 million.

Following the sales, ARKW continues offering indirect exposure to Bitcoin (BTC) through its ARK Bitcoin ETF Holdco, its largest position by market value. As of April 8, it held $142 million in ARKB, which is 11% of the fund’s weight, according to ARK’s website.

The new trades came amid a major market sell-off, with BTC briefly sliding 11% to as low as $74,700 following the tariffs announcement, according to CoinGecko data.

Following $207 million in outflows from global Bitcoin exchange-traded products (ETP) last week, Bitcoin ETFs continued bleeding, starting the week with fresh $109 million outflows on April 7, according to data from SoSoValue.

In the past three trading days, Bitcoin ETFs shed $273 million combined, according to SoSoValue.

Despite recent selling pressure, ARK remains one of the few spot Bitcoin ETF issuers with net positive flows year to date. As of April 4, ARK had recorded $146 million in inflows for 2025, CoinShares data shows.

Other issuers with positive year-to-date inflows include BlackRock’s iShares, with $3.2 billion and ProShares, with $398 million.