Coinbase Faces Strategic Divestment as Ark Invest Pivots to Tesla

In a notable portfolio rebalance, Cathie Wood's Ark Invest has sold $12.1 million worth of Coinbase (COIN) shares while establishing a new $47 million position in Tesla. This MOVE suggests a potential shift away from crypto-centric assets toward electric vehicles and other innovation sectors. The firm divested 30,501 COIN shares across its ARKK and ARKW funds, alongside smaller divestments in Robinhood ($1.1M) and Block, signaling a strategic pivot in its investment focus.

Ark Invest Rebalances Portfolio: Sells Coinbase, Buys Tesla

Cathie Wood's Ark Invest executed a significant portfolio reshuffle, offloading $12.1 million worth of Coinbase (COIN) shares while establishing a new $47 million position in Tesla. The move signals a potential strategic pivot away from crypto-centric assets toward electric vehicles and other innovation sectors.

The firm sold 30,501 COIN shares across its ARKK and ARKW funds, alongside divestments in Robinhood ($1.1M) and Block Inc ($9.8M). Notably, Ark also reduced exposure to its own Bitcoin ETF (ARKB) as BTC struggles to maintain momentum above $120,000 after reaching all-time highs.

Bitcoin's 3% weekly decline to $115,850 coincides with Coinbase's 5% drop over five trading sessions. These transactions reflect institutional reallocation during crypto market consolidation, though Ark maintains substantial crypto exposure through its $5.87 billion Bitcoin ETF holdings.

Ark Invest Cuts Coinbase, Boosts Ethereum & Tesla Holdings

Cathie Wood's Ark Invest has executed significant portfolio adjustments, reducing its stake in Coinbase while increasing exposure to ethereum and Tesla. The move signals a strategic pivot toward assets with stronger growth narratives in both crypto and traditional tech sectors.

Ethereum's prominence in the reshuffle underscores institutional confidence in its upcoming protocol upgrades and deflationary mechanics. Tesla's inclusion reflects Ark's continued conviction in disruptive innovation beyond the digital asset space.