ARKW Boosts Bullish to 1.43% While Trimming Coinbase to 3.44%
ARK Next Generation Internet ETF acquired about 716,030 shares of Bullish worth $17.8 million, lifting Bullish to 1.43% of its portfolio. The fund simultaneously sold roughly 119,236 Coinbase shares valued at $17.4 million, reducing Coinbase to 3.44% of ARKW’s holdings.
1. ARKW Rebalances Crypto Exposure
ARK Next Generation Internet ETF shifted its crypto holdings by purchasing 716,030 shares of Bullish for approximately $17.8 million, raising Bullish’s weight to 1.43% of the fund.
2. Coinbase Position Reduced
The ETF sold 119,236 Coinbase shares for about $17.4 million, lowering Coinbase’s allocation to 3.44% of ARKW’s assets.
3. Strategic Rationale
The move reflects a tactical pivot toward exchange infrastructure firms showing revenue growth, as Bullish reported 68% year-over-year revenue gains in its latest quarter despite ongoing losses.
4. Portfolio Impact
By balancing exposure across digital-asset platforms, ARKW aims to capitalize on emerging growth drivers while managing concentration risk in major crypto exchanges.