Ark Invest made a new purchase of Coinbase shares and expanded its position in a bitcoin ETF. In addition, Cathie Wood expects that the current liquidity pressure could reverse in the coming weeks.
The firm acquired a total of 62,166 Coinbase shares valued at $16.47 million across the ARKK, ARKW and ARKF ETFs. Coinbase remains the fifth-largest holding in ARKK, with a total value of $392 million and a portfolio weight of 5.2%. The stock closed at $264.97 after rising 4.27%, although it is still down 26.7% over the past month. Ark Invest also added 39,400 shares of the Ark-21Shares Bitcoin ETF for approximately $1.17 million, reinforcing an accumulation that includes companies such as Coinbase, BitMine, Bullish, Circle and Robinhood.
Wood said liquidity could improve after the Fed’s December 10 meeting, the resolution of the government shutdown and a potential rate cut. She also noted that inflation has shown a sharp decline based on the 10-year Treasury yield and that a deeper break could occur next year once the impact of tariffs fades.
Source: https://www.ark-funds.com/funds/arkk
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