Cathie Wood's ARK ETFs Shift $17M From Coinbase to Bullish
ARK Investment Management reallocated $17 million from Coinbase shares to Bullish positions across its ETFs on February 9, 2026. The move marks a strategic shift in ARK’s crypto holdings toward Bullish’s trading platform.
1. ARK ETF Divestiture
On February 9, 2026, ARK Investment Management sold approximately $17 million of Coinbase shares across its flagship ETFs, including ARK Innovation and ARK Next Generation Internet. The divestiture reflects a rebalancing of crypto holdings within ARK’s actively managed funds.
2. Investment in Bullish
Proceeds from the Coinbase sale were redirected into Bullish, with ARK ETFs acquiring $17 million worth of exposure to the trading platform’s tokens and equity units. This positions Bullish as a growing component of ARK’s blockchain strategy.
3. Market Impact and Outlook
The shift underscores ARK’s increased conviction in Bullish’s exchange model over established crypto firms and may pressure Coinbase’s share price while boosting investor interest in Bullish ahead of potential market debut.