Cathie Wood’s ARK Invest reduced its position by selling Coinbase shares from multiple exchange-traded funds (ETFs) on Friday. 92.737 shares from ARK Innovation ETF (ARKK), 32.790 from Next Generation Internet ETF (ARKW), and 8.945 from Fintech Innovation ETF (ARKF) Coinbase Global shares were sold. A total of 134.472 shares were worth approximately 22.1 million dollars. This sale signals a move away from Coinbase following a short-lived purchase at the beginning of the week and a 17.4 million dollar sale on Thursday; the first sales of 2026 and since August 2025.
Detailed Table of ARK Invest’s Coinbase Sales
| Fund | Shares Sold |
|---|---|
| ARKK | 92.737 |
| ARKW | 32.790 |
| ARKF | 8.945 |
| Total | 134.472 (~22.1M USD) |
At the same time, ARK invested in shares of the digital asset platform Bullish: 278.619 shares added to ARKK, 70.655 to ARKW, and 43.783 to ARKF, forming a total position of 393.057 shares worth 10.7 million dollars. Coinbase shares rose 13% on Friday, closing at 165 dollars, but have declined 26% since the beginning of the year. Bullish rose 10% to 27 dollars but has fallen 27% since year-start; the company reported a 563.6 million dollar loss in the fourth quarter of 2025.
Bullish Investment: ARK’s New Strategic Move
The crypto market downturn, especially Coinbase’s weakness, negatively impacted ARK funds like ARKK, ARKW, and ARKF, performing worse than Bitcoin (BTC) and Ether (ETH). ARK’s preference for Bullish reflects a search for alternatives to Coinbase competition. Bullish’s Block.One-backed structure carries growth potential with an institutional focus.
Coinbase shares closed Friday up by 13%. Source: Google Finance
Bitcoin Rose 15% in the Last 15 Hours: Market Revival
In recent developments, BTC detailed analysis is critical: BTC rose 15% in the last 15 hours, climbing from 60,000 dollars above 68,000$. Current price 70.882$, +4.36% in 24 hours. This rally is believed to have triggered ARK’s moves; despite Coinbase sales, BTC recovery boosted investor confidence.
BTC Technical Analysis: RSI 33.72 and Strong Supports
| Level | Price | Score | Distance |
|---|---|---|---|
| S1 Support | 60.000$ | 68/100 ⭐ | -14.85% |
| S2 Support | 65.926$ | 66/100 ⭐ | -6.44% |
| R1 Resistance | 72.063$ | 75/100 ⭐ | +2.27% |
| R2 Resistance | 75.549$ | 63/100 ⭐ | +7.21% |
RSI 33.72 (Oversold), despite downtrend and bearish Supertrend, below EMA20 at 79.061$. BTC futures could increase volatility. 60K is strong support; if broken, 8K scenario (MSTR debt risk) could come into play.
Garrett Jin Deposited 5,000 BTC (351M$) into Binance
Parallel news: Garrett Jin deposited 5,000 BTC into Binance. This institutional entry supports ARK’s rotation. ETH and altcoins are also affected by the BTC rally.
ARK Funds and Crypto Market Risk Analysis
- ARKK/ARKW/ARKF: Poor performance compared to BTC/ETH due to Coinbase sales.
- Bullish: 10% rise despite losses, growth signal.
- Risk: Like Phong’s warning, if BTC drops to 8K, debt burden increases ($MSTR/$IBIT).
Source: https://en.coinotag.com/ark-sells-coinbase-buys-bullish-btc-rise
