Cathie Wood's Ark Invest bought US$13.3 million in Coinbase shares on April 7, 2025 during a global market decline. The ARK Next Generation Internet ETF (ARKW) bought 64,806 shares worth US$10.2 million. On the other hand, The ARK Fintech Innovation ETF (ARKF) bought 19,708 shares worth US$3.1 million.
This follows closely on the heels of Ark's US$13.4 million Coinbase share purchase on April 4, 2025, in ARKK, ARKW, and ARKF. The company is now made of 5.92% of ARKW and 7.65% of ARKF, with fourth and second-largest holdings in those funds.
Coinbase shares closed at US$157.28, down 2.04%, but recovered by 2.68% in after-hours trading to US$161.50 on April 8, 2025, according to Google Finance.
Ark Invest sold 159,496 shares of the ARK 21Shares Bitcoin ETF (ARKB), worth roughly US$12.4 million. According to SoSoValue data, ARKB recorded US$4.69 million in net outflows on the same day.
The strategic action follows a sharp global market decline. China's Shanghai Composite lost 7.3%, and Japan's Nikkei 225 declined 7.8%. In the United States, the Dow fell 0.91%, the S&P 500 decreased 0.23%, and the Nasdaq rose 0.10%.
Crypto markets were also hit, with total liquidations of over US$1.36 billion. Bitcoin temporarily fell to US$74,300 before recovering to above US$80,000. It is a 3.64% rise in 24 hours.
Volatility in the market was driven by President Donald Trump's new tariffs, which includes a 25% levy on vehicle imports, at least a 10% tariff on all imports, and ‘reciprocal tariffs’ against countries that tax US products. Hedge fund manager Bill Ackman advocated a 90-day delay, threatening an ‘economic nuclear winter.’
While overall market uncertainty remains, Ark continues to position itself strongly in digital assets. This further boosts confidence in long-term crypto strength.