Cathie Wood’s Ark Investment Management utilized the US shares of $ 5.4 trillion activated shares and bought over 83,000 shares of Coinbase (Coin), which increased the exposure to Crypto Exchange, even when prices diped sharply across the board.

The total purchased shares were worth more than $ 13 million and took Friday’s closing course for Coinbase.

According to ARK’s daily trading information for April 4, Wood’s flagship Ark Innovation Etf (ARKK) purchased nearly 55,000 coinbase shares, with additional purchases from ARK NEXT GENERATION Internet ETF (Arkw) and ARK FINTECH INNOVATION ETF (ARKF).

The timing is remarkable. Coinbase shares have slipped more than 12% during the market route, while Bitcoin and other cryptocurrencies showed resilience. Coindesk 20 (CD20) index fell by 5.8% in the same period. Sales came after US President Donald Trump revealed his mutual tariffs against almost every country in the world.

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