ARK Invest’s Strategic Shift: Sells $17M in Coinbase, Bets Big on Bullish

Cathie Wood’s ARK Invest has been active in the crypto industry, partly selling 17.4 million in Coinbase (COIN) shares while also investing $17.8 million into Bullish (BLSH), a digital asset platform geared towards institutional investors.

This move aligns with the crypto industry, which is stumbling, wherein Coinbase’s share price has dropped 37% on a year-to-date basis and is now at multi-month lows.

ARK Invest Sells Coinbase Shares, Holds $312M Stake

Cathie Wood Invest has made a decision to sell off 119,236 Coinbase shares, which represents their first sale of COIN in 2026 and their first sale since August 2025.

By means of this, the investment still holds a total of $312 million in Coinbase shares spread across its three funds, namely ARKK, ARK Next Generation Internet ETF, and ARKF.

Also Read: Cathie Wood Boldly Declares Bitcoin #1, Expands their Bet on Ethereum

Opportunity in Bullish Amidst 60% Share Drop

Their investment in Bullish, a digital asset platform supported by Peter Thiel and Block. one, is a clear demonstration of the company’s belief in institutional crypto adoption.

Bullish shares have dropped more than 60% since their debut on the NYSE in August 2025, thus providing a valuable buying opportunity for the investment.

Also Read: SOL Strategies Chosen as New Solana Validator Partner for Cathie Wood’s Invest

Industry Volatility Continues

Since their April 2021 IPO, Coinbase shares have fallen approximately 60%, showing how difficult crypto-related stocks have been.

Their decision is a testament to its flexibility to tghe industry’s ups and downs and its concentration on growth over the long term. As the level of institutional adoption continues to change, investors should remain aware and adjust their strategies accordingly.

Also Read: Crypto Treasury Stocks Fuel ETH Unstaking Surge, Says Cathie Wood