W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
11/07/2026

Ark Adds $2.44M in Coinbase While Selling Other Crypto Stocks

What happened: Ark Invest bought 17,806 Coinbase shares worth approximately $2.

Ark Adds $2.44M in Coinbase While Selling Other Crypto Stocks

What happened: Ark Invest bought 17,806 Coinbase shares worth approximately $2.44 million through ARKK on November 5, when Coinbase closed down 9.69% at $136.82, a 52-week low. On the same day, Ark sold 109,522 Bullish shares worth approximately $2.27 million and 119,841 BitMine shares worth approximately $2.28 million. The purchases occurred during a broader retreat in which the Nasdaq fell 5.52% and the S&P 500 declined 4.36%, while Ark also added approximately $45.9 million in Nvidia and $19.8 million in AMD.

Why it matters: Buying Coinbase while selling Bullish and BitMine indicates selective allocation within crypto-linked equities; it does not establish that Ark increased its overall exposure to the sector. The Coinbase purchase also followed reported buying of approximately $11 million in Coinbase and Circle on October 30 and approximately $6 million on November 2, making the latest transaction an extension of recent dip-buying. Ark’s technology purchases further suggest the activity should be evaluated within its broader portfolio decisions, rather than interpreted solely as a verdict on crypto exchange valuations.

Source: The Block