Ark Invest Continues to Sell Coinbase Shares from ARKW ETF

Ark Invest sold 12,077 shares of Coinbase—valued at $2.7 million—from its Next Generation Internet ETF (ARKW) on Wednesday.

This marks Ark’s first sale of Coinbase shares since unloading $4.3 million worth on July 19.

Ark Invest typically ensures no single asset exceeds 10% of an ETF’s portfolio to maintain diversification.

Currently, Coinbase is the fourth-largest position in ARKW, making up 7.3% of the fund.

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The ETF’s largest holdings are its own spot Bitcoin ETF (11%), Tesla (10%), and Roku (8.4%).

ARKW’s Coinbase shares are valued at $102.4 million, and the ETF has risen approximately 33% over the past year.

Coinbase’s stock closed at $224.36 on Wednesday, unchanged for the day but up nearly 30% year-to-date, though it remains 35% below its peak of $342.98 from November 2021.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.