ARK Invest, led by Cathie Wood, has reacted to recent market volatility by acquiring $26.6 million worth of Coinbase stock while offloading $12 million of its Bitcoin ETF shares. This strategic move took place in early April following the announcement of new U.S. trade tariffs by President Trump, which led to a significant sell-off in the cryptocurrency market. Specifically, ARK purchased Coinbase shares on April 4 and April 7, even as it sold a substantial portion of its ARK 21Shares Bitcoin ETF (ARKB). The ETF, launched in January 2024, has faced challenges, experiencing recent outflows amidst the downturn in Bitcoin prices, which dropped briefly by 11%. Despite this, ARK has managed to report net positive inflows for the year, amounting to $146 million as of April 4. Other competing Bitcoin ETFs have also seen significant outflows, indicating a widespread impact from the tariff news.

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