Cathie Wood’s Ark Invest buys Bullish, trims Coinbase as crypto-related stocks slide

Group 1 - Ark Invest purchased 716,030 shares of Bullish for approximately $17.8 million while selling 119,236 shares of Coinbase worth about $17.4 million on the same day [1][2] - The trading adjustments were made amid a broader market sell-off affecting crypto-related stocks [1][2] - Bullish shares experienced a decline of 8.5% to close at $24.90, marking a monthly decline of 39.6%, while Coinbase fell 13.3% to $146.12, with losses of 41.7% over the same period [2][4] Group 2 - The performance of these stocks reflected the overall weakness in the crypto market, with Bitcoin dropping to around $60,000 before recovering to above $65,000, and Ether sliding 11.6% to approximately $1,900 [4]