Cathie Wood’s investment company Ark Invest shows a mix of reaction to the latest US trade tariffs, offloading Bitcoin ETF area shares as it increases its position on Coinbase.
Ark earned $ 26.6 million of Coinbase (Coin) stock since the US president Donald Trump has announced new trading tariffs On April 2, according to trading data that Cointelegraph saw.
The purchase included a $ 13.2 million coin purchase on April 7 and another $ 13.3 million purchase on April 4.
Despite this bullish move on Coinbase, Ark simultaneously sells $ 12 million of Ark 21shares Bitcoin ETF (Arkb) on April 7. Arkb is One of the areas bitcoin etf launched in the United States in January 2024.
Arkw still offers $ 142 billion of indirect exposure to Bitcoin
Ark’s $ 12 million Sale of Arkb from the next generation Internet ETF (Arkw) fund is one of the largest day -to -day sales of the firm’s Arkb.
The latest dump follows a $ 8 million arkb sale on March 3, another $ 8.6 million sale in February, and two smaller sales from January, worth $ 3.5 million.
Top three handling the next generation of Ark’s Internet. Source: Ark
Following sales, arkw continues offers indirect exposure to bitcoin (Btc) by Ark Bitcoin ETF Holdco, the largest position by market value. On April 8, it held $ 142 million in Arkb, which costs 11% of the weight of the fund, According to on Ark’s website.
Bitcoin ETFs expand bleeding in the news of tariffs
New trading comes in the middle of a major market sale, with BTC briefly slipping 11% to less than $ 74,700 following the announcement of tariffs, According to in coingecko data.
Following $ 207 million in flows from Global Bitcoin Exchange-Traded Products (ETP) last week, Bitcoin ETF continued bleeding, beginning Sunday with a fresh $ 109 million flow on April 7, According to in data from sosovalue.
Related: Michael Saylor’s approach stops buying bitcoin despite sinking below $ 87k
In the past three days of trading, Bitcoin ETFs poured $ 273 million combined, according to Sosovalue.
Spot Bitcoin ETF Data during April 1 to April 7. Source: Sosovalue
Despite the recent sale of pressure, Ark remains one of several places that provided Bitcoin ETF with the net positive flow of year to the present. On April 4, Ark recorded $ 146 million in flow for 2025, Coinshares data shows.
Other issues with a positive-year-to-date flow include Blackrock’s Ishhares, with $ 3.2 billion and proshres, with $ 398 million.
