ARK REALIGNS COINBASE AS MARKETS REACT TO FED SHIFT
Ark Invest sold $3.9M of Coinbase shares—keeping COIN at 9.9% of ARKF—to maintain diversification.
Coinbase closed at $279.86—down 10%—but its $110M allocation underscores Ark’s strategic weightings.
Bitcoin tumbled to $100K on Powell’s hawkish outlook but rebounded, with U.S. crypto ETFs maintaining inflows; spot BTC ETFs added $275M Wednesday, hitting $6.7B in 15 days—signaling steady, ongoing institutional appetite.
Strategic reallocations amid short-term dips point to long-term bullish confidence across markets.
Source: TheBlock
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