ARK Sells $22M in Coinbase Shares, Buys Bullish Across ETFs

ARK boosts Bullish stake

At the same time, ARK accumulated shares of Bullish across multiple funds. The investment manager purchased 278,619 shares in ARKK, 70,655 shares in ARKW and 43,783 shares in ARKF, accumulating a total of 393,057 shares worth $10.7 million.

Bullish shares ended the trading day near $27, up about 10%. However, the stock is down by 27% YTD as the company reported a net loss of $563.6 million, or $3.73 per diluted share, in the fourth quarter of 2025, reversing a profit of $158.5 million recorded a year earlier.

Alongside the crypto moves, ARK added Alphabet, Recursion Pharmaceuticals and Tempus AI, while reducing exposure to several high-growth technology companies including Roku, The Trade Desk and PagerDuty.

Crypto slump weighs on ARK ETFs

As Cointelegraph reported, a fourth-quarter pullback in digital asset markets hurt several of Cathie Woods ARK ETFs. In its latest quarterly report, ARK said weakness in companies tied to digital assets, particularly Coinbase, was a major drag on flagship funds including ARKK, ARKW and ARKF.

Coinbase shares fell more sharply than major cryptocurrencies during the period as centralized exchange trading volumes dropped 9% quarter-on-quarter after Octobers liquidation event. The stock declined nearly 35% from October to year-end, underperforming both Bitcoin (BTC) and Ether (ETH).

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