ARK invests $26M in Coinbase, sells $12M of Bitcoin ETF due to US trade tariffs

From Cointelegraph

April 8, 2025 5:43 am:

ARK Invest, led by Cathie Wood, reacts to US trade tariffs by buying $26.6 million of Coinbase stock while selling $12 million of its ARK 21Shares Bitcoin ETF. Despite the sale, ARKW still offers $142 million of indirect Bitcoin exposure. Bitcoin ETFs saw $109 million in outflows following the tariffs announcement.

Read more at Coin Telegraph: Cathie Wood’s ARK bags $26M in Coinbase shares, unloads Bitcoin ETF