Ark Invest, led by Cathie Wood, increased its holdings of $4.80 million worth of Coinbase shares in three ETFs, ARKK, ARKW and ARKF, the day before Trump's new tariffs officially took effect. The previous day, Ark had purchased $13.30 million of COIN shares. After this increase, COIN became the second largest position in ARKF and the third largest position in ARKK and ARKW.