Data: Ark Invest increased its holdings in Bullish stocks by $17.8 million and reduced its holdings in Coinbase stocks by $17.4 million

According to The Block, Ark Invest, led by Cathie Wood, adjusted its cryptocurrency-related stock holdings on Thursday, purchasing approximately $17.8 million worth of Bullish shares while selling about $17.4 million worth of Coinbase shares.

Trading disclosures show that Ark purchased a total of 716,030 shares of Bullish through its three exchange-traded funds. On the same day, it sold 119,236 shares of Coinbase. On that day, cryptocurrency-related stocks generally fell, with Bullish's stock price dropping 8.5% to $24.90 and Coinbase down 13.3% to $146.12. The monthly declines for both stocks have now widened to 39.6% and 41.7%, respectively.