Amid a historic equities rout sparked by rising geopolitical tensions and sweeping tariffs, ARK Invest significantly increased its position in Coinbase (COIN), purchasing over 83,000 shares across multiple ETFs.
According to ARK’s April 4 trading disclosure, the purchase was spread across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF), totaling more than $13 million based on Friday’s closing price.
The timing is notable. Coinbase stock fell more than 12% last week as global markets reacted sharply to President Trump’s imposition of reciprocal tariffs on nearly 180 countries. Despite the market sell-off, ARK took the opportunity to expand its allocation, reinforcing its long-standing bullish outlook on digital asset infrastructure.
While COIN declined, the broader crypto market showed relative strength. Bitcoin (BTC) remained above $80,000, and the CoinDesk 20 Index dropped just 5.8%, outperforming major equity benchmarks.
ARK’s latest move highlights its conviction that crypto-native firms like Coinbase could serve as long-term beneficiaries amid shifting macroeconomic dynamics and growing institutional interest in digital assets.
