Cathie Wood’s investment group ARK Invest shows a mixed reaction towards the United States latest trade tariffs. The firm is offloading its shares of Bitcoin ETFs while simultaneously increasing its holdings in Coinbase.
Since US President Donald Trump, ARK acquired Coinbase (COIN), stock worth $26.6 millions. Donald Trump announced new trade tariffs Cointelegraph, a publication of trading data, has reported that on April 2, the market closed at $1.02 per share.
Purchases include a purchase for $13.2 millions of COIN on 7 April, and a second purchase worth $13.3 on 4 April.
ARK sold 12 million shares of ARK 21Shares Bitcoin (ARKB), despite this positive move by Coinbase on April 7th. ARKB was one of the spot Bitcoin ETFs Launched in the United States on January 20, 2024.
ARKW offers indirect exposure of $142 billion to Bitcoin
ARK’s Twelve Million Dollars ARKB sells its Next Generation Internet ETF fund (ARKW). The firm sells the most ARKB per day.
This latest sale follows another sale of $8.6 millions in February and two sales totaling $3.5million from January.
Source: ARK Next Generation Internet ETF. Source: ARK
Follow the Sales, ARKW continues Bitcoins: indirect exposure (BTCARKB accounted for $142 million, or 11% of its weight on April 8th. On April 8, the fund held $142 million worth of ARKB. This represents 11%. according Visit the ARK Website.
Bitcoin ETFs bleed on news about tariffs
BTC dropped by as much as 11%, to as little as $74,700, following the tariff announcement. according to CoinGecko data.
Bitcoin ETFs have continued to suffer, following a $207 million loss in global Bitcoin Exchange-Traded Products (ETPs) the previous week. The week began with a fresh $109 millions outflow on April 7. according SoSoValue provides data.
Related: Michael Saylor’s Strategy halts Bitcoin buys despite dip below $87K
According to SoSoValue, Bitcoin ETFs have lost $273,000,000 in the last three days.
Bitcoin ETF spot data for the period April 1 through April 7. Source: SoSoValue
Despite recent sales pressure, ARK still remains among the only spot Bitcoin ETFs to have net positive flows for the year. As of April 4th, ARK recorded $146 millions in inflows to 2025. CoinShares data shows.
BlackRock’s ProShares and iShares have both seen positive inflows year-to date.
Magazine: Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler’s Digest, March 30 – April 5
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Source: cointelegraph.com
