Cathie Wood Makes $17 Million Crypto Shift — ARK ETFs Rotate From Coinbase To Bullish
Cathie Wood’s ARK Invest is reshuffling its crypto exposure across flagship ETFs, snapping up shares of crypto exchange operator Bullish (NYSE:BLSH), while trimming holdings in Coinbase Global Inc (NASDAQ:COIN), according to a Coincentral report, in a move that may reflect shifting bets on where the next phase of digital-asset growth could emerge.
• Bullish stock is surging to new heights today. What’s behind BLSH gains?
In all, ARK bought roughly 716,030 shares of Bullish which ended Thursday at $24.90, across the flagship ARK Innovation ETF (BATS:ARKK), ARK Next Generation Internet ETF (BATS:ARKW) and ARK Fintech Innovation ETF (BATS:ARKF), for roughly $17.8 million.
Simultaneously, ARK sold around 119,236 shares of Coinbase from those funds, at …
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