Ark Invest has reduced its holdings of Coinbase and GBTC stocks by nearly $360 million in December

As of December 26, Ark Invest had reduced its Coinbase holdings by 1,535,789 shares this month, worth approximately $282.5 million. The vast majority of sales (1,348,527 shares) came from its Innovation ETF (ARKK), with Coinbase remaining the fund’s largest holding at 10.7%. The company’s Next Generation Internet ETF (ARKW) reduced its holdings of Coinbase shares by 129,871 shares in December, and the FinTech Innovation ETF (ARKF) reduced its holdings by 57,391 shares. Coinbase's current holdings in ARKW and ARKF are about 12% and 14% respectively. Ark Invest also continues to reduce its holdings of GBTC. Transaction disclosure shows that ARKW has sold 2,118,186 shares of GBTC this month, worth approximately US$77 million. ARKW’s current position in GBTC is approximately 4.3%.