News View Non-AMP

Cathie Wood’s Ark Invest Makes Portfolio Changes: Coinbase and GBTC Out, Robinhood In!

Published by
Mustafa Mulla

The world of investing is fast-paced to say the least, and if you don’t adapt, you’ll get left behind! In tune with this, Cathie Wood’s Ark Invest continues to actively manage its portfolio, making significant adjustments based on its outlook for various sectors.

In a recent move, Ark Invest has offloaded holdings of Coinbase and Grayscale Bitcoin Trust while accumulating Robinhood shares.

Coinbase Strategy: Selling Despite Success?

In a surprising move, Ark Invest sold 237,572 Coinbase shares, totaling about $34 million on December 5th. This happened across three main ETFs—ARK Innovation, ARK Next Generation Internet, and ARK Fintech Innovation. It’s worth noting that this comes after selling an additional 300,000 Coinbase shares last month.

This decision might seem counterintuitive, considering Coinbase’s recent success. Despite a slight dip on Tuesday, the stock has climbed 16% in a week and a whopping 63% in a month.

Here’s Another Change: Is Cathie Wood Losing Faith in Bitcoin? Ark Invest Dumps Holdings

GBTC: Making Smart Choices

Ark Invest didn’t stop at Coinbase; they also sold 168,127 GBTC shares, worth $6 million through ARK Next Generation Internet ETF on the same day. This adds to the over 800,000 GBTC shares sold since October, in sync with a narrowing negative premium.

While the GBTC price has experienced a significant 330% year-to-date growth, it closed 4.35% higher on Tuesday but is trading slightly lower in premarket hours. Ark Invest’s careful moves suggest a thoughtful look at the digital asset landscape.

Read More: Grayscale Executives Say GBTC May Become an ETF on NYSE; What Should Investors Expect? 

Robinhood Outlook Remains Positive

In contrast, Ark Invest is optimistic about Robinhood, actively buying its shares. ARK Fintech Innovation ETF recently bought 9,586 Robinhood shares as the price passed $10. This followed a previous purchase of 14,702 shares on December 4th, triggered by a 15% price increase in a week.

Robinhood closed 10.26% higher on Tuesday, and premarket hours show ongoing investor confidence. Ark Invest’s strategic buying indicates a strong belief in Robinhood’s potential for growth in the current bullish market.

What Do We Make of This?

These strategic moves by Ark Invest highlight its forward-thinking approach to managing assets. While selling Coinbase and GBTC might seem cautious, buying Robinhood shows confidence in its future. As the investment landscape shifts, Ark Invest’s dynamic portfolio management keeps it at the forefront of investment strategies.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Crypto Market Hit New Lows—Investors Looking Elsewhere? Ozak AI’s $0.003 Entry Looks More Promising!

The crypto market has recently experienced a vast downturn, with most important projects such as…

April 4, 2025

BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin?

The US markets are experiencing one of the massive pullbacks, with major stocks plunging by…

April 3, 2025

Forget PEPE – Influencer Pepe (INPEPE) is the Future of Meme Coins with Real Utility!

PEPE hopped its way to a $3.8 billion market cap, but its reign as a…

April 3, 2025

Ripple (XRP) Eyes $10 as Ruvi AI (RUVI) Captures Investor Attention with Huge Growth Potential During Presale Phase 1

Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…

April 3, 2025

How High Can Influencer Pepe Go? Expert Predictions for 2025-2030!

The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…

April 3, 2025

Crypto Bloodbath: Solana, XRP, and Dogecoin Take Double-Digit Hits, Is Your Altcoin Safe?

The global cryptocurrency market took a major hit today, with the total market capitalization falling…

April 3, 2025