In a chaotic reshuffle that’s more “hot mess” than “masterplan,” Ark dumped Coinbase and Block Inc. like yesterday’s bad dating app decision. 🤡 According to their latest disclosures, they sold $12M in Coinbase shares—because apparently, 30,500 shares just “felt right” for a midlife crypto crisis. The ARKK and ARKW ETFs are now officially “liquidating the dream.” 💀
But wait—there’s more! Ark also offloaded $10M of Block Inc. stock and a paltry $1.1M in Robinhood. Because nothing says “confidence” like selling Robinhood for a million bucks. 🤷♀️ The markets? They blinked. Once. Coinbase closed at $396.70—because why not? Block Inc. and Robinhood? Just having a quiet existential crisis on the sidelines. 🤷♂️
But fear not! Ark isn’t done flexing. They’ve plowed $175M into Bitmine Technologies, a “rising star” in the Ethereum circus 🐘—a company that now owns $1B in ETH. Because nothing says “smart investing” like betting on a firm that’s basically Ethereum’s trust fund kid. 🤩
Market analysts are thrilled. Ark’s portfolio is now a rollercoaster of “long-term upside” and “short-term vibes.” They’re like the crypto version of a reality TV contestant—dramatic, unpredictable, and always reshuffling the deck. 🃏
So, is this the future of crypto? Probably not. But Cathie Wood’s betting it’s all about blockchain “infrastructure” now. Because who needs trading platforms when you can just… build a better toaster? 🥨
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2025-07-26 09:24