Coinbase Gains ARK Invest’s Favor as Cathie Wood Pivots Toward Crypto Infrastructure
On December 18, 2025, Cathie Wood's ARK Invest executed a notable portfolio rebalance, signaling a strategic shift towards cryptocurrency infrastructure. The firm sold approximately $11.2 million worth of Tesla shares, a move interpreted as a tactical adjustment to reduce exposure amid heightened volatility in certain tech stocks. Concurrently, ARK significantly increased its bets on the digital asset ecosystem by purchasing $4.15 million in Coinbase (COIN) shares. This investment decision appears directly linked to Coinbase's recent strategic announcement of expanding into traditional stock trading services, a development that potentially positions the crypto-native platform as a broader, multi-asset financial hub. The rebalancing underscores a growing conviction within ARK Invest that the foundational companies enabling crypto adoption—particularly major, regulated exchanges—are entering a new phase of growth and diversification. By reducing a legacy tech position to fund an increased stake in Coinbase, ARK is effectively allocating capital from what it may see as a maturing EV/tech narrative to one centered on the convergence of traditional and digital finance. This move highlights a bullish outlook on the resilience and expansion potential of leading crypto exchanges as they evolve beyond pure crypto trading to capture broader market share in the global financial services industry. The timing of the investment, following Coinbase's service expansion news, suggests ARK views such diversification as a key value driver and competitive moat for crypto platforms in the coming years.
Cathie Wood's ARK Invest Shifts Portfolio: Reduces Tesla, Adds Coinbase and Brera Holdings
ARK Invest executed a significant portfolio rebalance on December 18, 2025, selling $11.2 million worth of Tesla shares while increasing exposure to cryptocurrency-related assets. The move reflects a tactical adjustment amid heightened volatility in tech stocks.
The firm purchased $4.15 million in Coinbase shares following the exchange's announcement of traditional stock trading services. ARK also acquired $1.4 million in Brera Holdings after the company revealed its solana treasury strategy, signaling growing institutional interest in blockchain infrastructure.
Tesla shares closed at $483.37, up 3.45% on the day, though Wall Street analysts maintain a Hold rating with an average price target suggesting potential downside. The electric vehicle maker's stock has shown increased volatility as investors weigh progress in autonomous driving technology.
Coinbase to List zkPass (ZKP) as Altcoin Surges 20% on Announcement
Coinbase, one of the leading cryptocurrency exchanges, has announced the imminent listing of zkPass (ZKP), a relatively new altcoin leveraging zero-knowledge proof technology. The token surged 20% following the news, with its price eyeing a critical resistance level at $0.119. Market capitalization stands at $26 million, while the fully diluted valuation reaches $130 million.
Token unlock schedules reveal measured inflation in the NEAR term, with 3.17% of supply releasing in January and February 2026. However, significant inflationary pressure looms in 2027, with monthly 2% unlocks projected to drive annual inflation to 24%. The listing underscores growing institutional interest in privacy-focused cryptographic solutions.
