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.
ARK has acquired $26.6 million of Coinbase (COIN) stock since US President on April 2, according to trading data seen by Cointelegraph.
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 that launched in the United States in January 2024.
ARKW still offers $142 billion of indirect exposure to Bitcoin
ARK’s$12 millionARKB sale from its Next Generation Internet ETF (ARKW) fundis one of the largest daily ARKB sales by the firm.
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.
Top three holdings in ARK’s Next Generation Internet ETF. Source: ARK
Following the sales, ARKW offering indirect exposure to Bitcoin () through its ARK Bitcoin ETF Holdco, its largest position by market value. As of April 8, it held $142 million in ARKB, accounting for 11% of the fund’s weight, to ARK’s website.
Bitcoin ETFs expand bleeding on tariffs news
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, 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, to data from SoSoValue.
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In the past three trading days, Bitcoin ETFs shed $273 million combined, according to SoSoValue.
Spot Bitcoin ETF data in the period from April 1 to April 7. Source: 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, .
Other issuers with positive year-to-date inflows include BlackRock’s iShares, with $3.2 billion and ProShares, with $398 million.
