ARK Invest Sells 570K Alibaba Shares for $54.2M, Adds Coinbase and Palantir on June 26

According to ARK Invest's June 26 trading data, Cathie Wood's fund significantly reduced holdings in Chinese e-commerce giant Alibaba, selling 570,391 shares worth approximately $54.2 million across its three ETFs (ARKK, ARKW, ARKF). Simultaneously, ARK increased positions in cryptocurrency exchange Coinbase, purchasing 68,366 shares for $9.7 million, and AI software firm Palantir Technologies, buying 41,601 shares for $4.5 million. The fund also added 45,728 SpaceX shares for $7 million, reflecting its continued focus on artificial intelligence, digital assets, biotechnology, and space exploration sectors.
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