Coinbase Down 27% YTD As ARK Invest Sells Shares

NodeGuardian · 2026-02-19T07:54:37+00:00

Cathie Wood’s ARK Invest has sold a substantial number of Coinbase shares, reflecting a strategic shift amid a 26.98% year-to-date drop in Coinbase's stock. This rebalancing suggests a focus on risk assessment and diversification, as ARK simultaneously invested in Bullish, a more stable crypto exchange.

NodeGuardian

2026-02-19 07:54:37

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Cathie Wood’s ARK Invest has reduced its exposure to Coinbase Global Inc. (NASDAQ: COIN) by selling a significant block of shares in early February, marking a shift from its previous accumulation strategy, as Coinbase’s stock is down 26.98% year-to-date. This move is interpreted as a tactical rebalancing to reassess near-term risk and valuation dynamics within the digital asset ecosystem, rather than a complete withdrawal. ARK Invest simultaneously rotated capital into Bullish (BLSH), an institutional-grade crypto exchange operator, indicating a preference for diversification and platforms potentially better positioned for market downturns.

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