Share this article
Ark Investment Management Ups Holdings in Coinbase
The firm has continued to sell shares in Square.
Updated Sep 14, 2021, 12:44 p.m. Published Apr 21, 2021, 9:20 a.m.
New York-based Ark Investment Management has again increased its holdings of Coinbase (COIN), one week after the cryptocurrency exchange’s debut on Nasdaq.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The firm led by crypto bull Cathie Wood purchased another 236,348 COIN Tuesday worth an estimated $75.8 million.
- These were split between 184,175 bought by the Ark Innovation ETF (ARKK) and 52,173 by the ARK Next Generation Internet ETF (ARKW).
- The two funds together sold 233,147 shares in Square worth around $57.2 million. This follows Ark’s sale of 409,241 shares of the payments company last week.
- The company’s funds purchased 749,205 COIN shares worth around $246 million on its first day of trading followed by another 341,186 (~$110 million) the following day.
- COIN fell 3.66% yesterday, closing at $320.82.
See also: Goldman Files to Offer Notes Linked to an ARK ETF That May Have Bitcoin Exposure
Mehr für Sie
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
Was Sie wissen sollten:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
Mehr für Sie
Bitcoin will be 'top performer' in 2026 after getting crushed this year, says VanEck
VanEck's David Schassler expects gold and bitcoin to rebound sharply as investor demand for hard assets is expected to rise.
Was Sie wissen sollten:
- Bitcoin has underperformed compared to gold and the Nasdaq 100 this year, but a VanEck manager predicts a strong comeback in 2026.
- David Schassler, the firm's head of multi-asset solutions, expects gold's surge to continue to $5,000 next year as fiscal "debasement" accelerates.
- Bitcoin will likely follow gold’s breakout, driven by returning liquidity and long-term demand for scarce assets.
Top Stories
