PANews reported on February 6 that, according to The Block, Cathie Wood's Ark Invest adjusted its cryptocurrency-related stock holdings on Thursday, purchasing approximately $17.8 million worth of Bullish stock while selling approximately $17.4 million worth of Coinbase stock.

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