ARK Invest bought $6.9M of Coinbase shares; Coinbase frames move as ETF rebalancing
ARK disclosed a purchase of 41,453 Coinbase shares (~$6.9M); Coinbase characterizes the activity as ETF rebalancing rather than a company-specific endorsement.
ARK Invest’s daily ETF disclosures show a purchase of 41,453 Coinbase shares, valued at roughly $6.9 million, recorded in the February 17 trade filings [2][3][4].
Coinbase told reporters it views the ARK activity as part of ETF rebalancing; some coverage also noted earlier ARK sales in February that market observers interpreted as rebalancing, followed by these new buys [1][3].
The same ARK disclosures showed other active trades that day — including buys in Broadcom and AMD and a large Teradyne sell — and outlets reported the Coinbase purchases alongside broader portfolio adjustments and prior trims [2][4].
The transactions are drawn from ARK’s public daily ETF trade reports; reporters framed the Coinbase purchase in the context of ETF rebalancing rather than as a standalone endorsement of the company [2][1].
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Citations
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- 1Coinbase sees ARK buying as ETFs rebalanceNFTenex• Feb 18, 2026
- 2Cathie Wood ARK Invest Buys Broadcom, AMD and Coinbase on February 17Blockonomi• Feb 18, 2026
- 3Coinbase sees ARK buy of $6.9M on Feb. 17defiliban.com• Feb 18, 2026
- 4Cathie Wood Reverses Course, Buys $6.9M in Coinbase Stock – Is ARK Betting on a Rebound?CryptoNews• Feb 18, 2026
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