Cathie Wooden’s funding agency ARK Make investments is exhibiting a combined response to the US’ newest commerce tariffs, offloading shares of its spot Bitcoin ETF whereas growing its place in Coinbase.
ARK has acquired $26.6 million of Coinbase (COIN) inventory since US President Donald Trump introduced new commerce tariffs on April 2, in keeping with buying and selling knowledge seen by Cointelegraph.
The acquisition features a $13.2 million COIN purchase on April 7 and one other $13.3 million buy on April 4.
Regardless of this bullish transfer on Coinbase, ARK concurrently bought $12 million of its ARK 21Shares Bitcoin ETF (ARKB) on April 7. ARKB was one of many spot Bitcoin ETFs that launched in the US in January 2024.
ARKW nonetheless gives $142 billion of oblique publicity to Bitcoin
ARK’s $12 million ARKB sale from its Subsequent Era Web ETF (ARKW) fund is without doubt one of the largest every day ARKB gross sales by the agency.
The newest dump follows an $8 million ARKB sale on March 3, one other $8.6 million sale in February, and two smaller gross sales from January, totaling $3.5 million.
High three holdings in ARK’s Subsequent Era Web ETF. Supply: ARK
Following the gross sales, ARKW continues providing oblique publicity to Bitcoin (BTC) via its ARK Bitcoin ETF Holdco, its largest place by market worth. As of April 8, it held $142 million in ARKB, accounting for 11% of the fund’s weight, in keeping with ARK’s web site.
Bitcoin ETFs increase bleeding on tariffs information
The brand new trades got here amid a significant market sell-off, with BTC briefly sliding 11% to as little as $74,700 following the tariffs announcement, in keeping with CoinGecko knowledge.
Following $207 million in outflows from world Bitcoin exchange-traded merchandise (ETP) final week, Bitcoin ETFs continued bleeding, beginning the week with contemporary $109 million outflows on April 7, in keeping with knowledge from SoSoValue.
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Prior to now three buying and selling days, Bitcoin ETFs shed $273 million mixed, in keeping with SoSoValue.
Spot Bitcoin ETF knowledge within the interval from April 1 to April 7. Supply: SoSoValue
Regardless of latest promoting stress, ARK stays one of many few spot Bitcoin ETF issuers with internet constructive flows 12 months thus far. As of April 4, ARK had recorded $146 million in inflows for 2025, CoinShares knowledge reveals.
Different issuers with constructive year-to-date inflows embrace BlackRock’s iShares, with $3.2 billion and ProShares, with $398 million.
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