Ark Invest Sells $19M Coinbase Amid Bitcoin Slide; Buys Bullish and Solmate

Ark Invest sold 119,236 shares of Coinbase (COIN) in three ETFs, totaling over $19 million, on February 04, 2026, as Bitcoin plunged to nearly $60,000, its lowest since late 2023. The move reduced its Coinbase position, currently valued about $425 million, following recent additions. Over the past six months, COIN shares have fallen roughly 48%, though they gained about 9% on Friday to trade at ~$159.13. The firm added more than 716,000 shares of Bullish (BLSH) valued at over $19 million and 150,000 shares of Solmate (SLMT) valued at ~$172,500. Bitcoin dipped to $60,255 and Ethereum to $1,756, with BTC down ~17% and ETH down ~27% for the week ending February 04, 2026.