ARK Next Generation Internet ETF Price & Performance (ARKW)

ARK Invest, led by Cathie Wood, recently purchased $8.7 million worth of Coinbase shares, adding 41,032 shares to its portfolio as the crypto exchange's stock declined to $212.49. Simultaneously, ARK sold $8.6 million of its Bitcoin ETF shares, reflecting a strategic shift amid broader cryptocurrency market volatility.123

Amid a turbulent crypto market, ARK Invest acquired $9.3 million in Coinbase shares while selling nearly the same amount of its Bitcoin ETF. This move highlights ARK's confidence in Coinbase despite the crypto market slump, with Bitcoin dropping to multi-month lows and tech stocks facing significant pressure.456

As Bitcoin hit three-month lows, ARK Invest bought $8.7 million in Coinbase shares and sold $8.6 million of its Bitcoin ETF. This activity underscores ARK's adaptability in navigating market challenges, leveraging Coinbase's potential while reducing exposure to volatile Bitcoin ETFs.78