{"id":20820,"date":"2025-04-06T20:02:34","date_gmt":"2025-04-06T20:02:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20820"},"modified":"2025-04-06T20:02:34","modified_gmt":"2025-04-06T20:02:34","slug":"cathie-woods-ark-buys-over-13m-worth-coinbase-shares-during-market-rout","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20820","title":{"rendered":"Cathie Wood\u2019s ARK Buys Over $13M Worth Coinbase Shares During Market Rout"},"content":{"rendered":"<div>\n<p>Cathie Wood\u2019s ARK Investment Management took advantage of the <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/05\/crypto-outperforms-nasdaq-as-btc-becomes-u-s-isolation-hedge-amid-usd5t-equities-carnage\" target=\"_blank\">$5.4 trillion U.S. equities market sell-off<\/a> and purchased over 83,000 shares of Coinbase (COIN), increasing exposure to the crypto exchange even as prices dipped sharply across the board.<\/p>\n<p>The total shares purchased were worth more than $13 million, taking Friday&#8217;s closing price for Coinbase. <\/p>\n<p>According to ARK\u2019s daily trading disclosure for April 4, Wood\u2019s flagship ARK Innovation ETF (ARKK) bought nearly 55,000 Coinbase shares, with additional purchases coming from the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF). <\/p>\n<p>The timing is notable. Coinbase shares have slipped more than 12% during the market rout, while bitcoin and other cryptocurrencies showed resilience. The CoinDesk 20 (CD20) index dropped by 5.8% in the same period. The sell-off came after U.S. President Donald Trump unveiled his reciprocal tariffs against nearly every country in the world.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/04\/bitcoin-begins-to-decouple-from-nasdaq-as-u-s-stocks-crumble\" target=\"_blank\">Bitcoin Begins to Decouple From Nasdaq as U.S. Stocks Crumble<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cathie Wood\u2019s ARK Investment Management took advantage of the $5.4 trillion U.S. equities market sell-off and purchased over 83,000 shares of Coinbase (COIN), increasing exposure to the crypto exchange even as prices dipped sharply across the board. The total shares purchased were worth more than $13 million, taking Friday&#8217;s closing price for Coinbase. According to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20820","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20820"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20820\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}