• Ark Make investments purchased greater than $13.3 million in Coinbase (coin) shares throughout market dip final Friday
• Presently, it’s the second largest holding within the ARKF ETF (9.4%), approaching the ARK place cap.
• Cathy Wooden stays bullish with Bitcoin/eth/sol and warns that Memocoin could possibly be zero

Cathie Wooden’s Ark Make investments bolstered its Coinbase (Coin) buy final Friday, including $13.3 million value of shares to 3 ETFs in Crypto Alternate.

What number of coin shares did Ark purchase?

ARK’s flagship Ark Innovation ETF (ARKK) bought 54,988 coin shares value round $8.8 million at costs on Friday. Two different funds have been added to the place, in line with ARK’s every day commerce disclosures. ARK Subsequent Technology Web ETF (ARKW) bought 15,982 shares (~$2.5 million), and ARK Fintech Innovation ETF (ARKF) acquired 12,187 shares (~$2 million).

Associated: Ark Make investments buys $80 million in Bitcoin from Coinbase in at some point

What number of cash do ARK ETFs presently have?

These purchases will considerably enhance Coinbase weight in ARK’s portfolio. Coin presently represents round 7.5% ($342 million stake) in ARKK, lagging behind Shopify (13%), with ARKF’s second-largest holdings of 9.4%. ARK’s inside methods sometimes restrict a single stock place to almost 10%. In different phrases, the coin is approaching that threshold for ARKF.

The ETF has additionally adjusted its different holdings. All three funds bought shares in Amazon, totaling $7.8 million. On the similar time, they decreased the place of the automation software program firm uipath.

What’s the context for Coinbase inventory?

Ark’s choice to purchase extra cash is as a result of stock is dealing with strain. Coinbase shares slid over 12% in the course of the latest market droop, briefly pushing the corporate’s valuation to beneath $30 billion for the primary time since September 2024.

This isn’t ARK’s first DIP buy. They bought greater than $16 million in cash in March following earlier costs declines.

Associated: Coinbase and MicroStrategy shares will skyrocket when Bitcoin beats $88,000

What’s the newest tackle Cathie Wooden from Crypto?

In a latest commentary, Kathy Wooden reiterates his long-term bullish view on Bitcoin vs. Gold, and regardless of his poor efficiency in 2025, Bitcoin’s upward pattern in direction of valuable metals stays intact. She additionally expressed her continued help for Ethereum and Solana.

Nonetheless, Wooden has issued a harsh warning concerning the Memecoin market, estimating that hundreds of thousands of such tokens might in the end lose all their worth. ARK’s coin purchases mirror a conviction of a cautious and cautious CROPTO infrastructure towards speculative meme belongings.