PANews reported on April 8 that according to Cryptonews, during Monday's sharp market decline, Cathie Wood's Ark Invest increased its holdings of Coinbase Global Inc. by 84,514 shares through two ETFs, valued at approximately $13.3 million. According to Ark's latest trading documents, ARK Next Generation Internet ETF (ARKW) purchased 64,806 Coinbase shares, valued at about $10.2 million based on Monday's closing price. Meanwhile, ARK Fintech Innovation ETF (ARKF) bought 19,708 shares, worth approximately $3.1 million. Previously, Ark Invest purchased Coinbase shares worth $13.4 million last Friday.

At the same time, Ark sold 159,496 shares of ARK 21Shares Bitcoin ETF (ARKB), valued at approximately $12.4 million. According to Ark's latest disclosure, as of Monday, Coinbase represents 5.92% of the ARKW portfolio, ranking as its fourth-largest holding, and 7.65% of the ARKF portfolio, ranking as the second-largest holding in the fund.