ARK Invest Moves $94M in Bitcoin to Coinbase Amid ETF Outflows

A massive Bitcoin transfer worth 1,097 BTC, valued at around $94 million, has just been moved to Coinbase, the largest U.S. cryptocurrency exchange. While initially flagged by Whale Alert as coming from an unknown address (“bc1qumh”), blockchain analytics platform Arkham Intelligence has identified the sender as ARK Invest—specifically its Bitcoin ETF, ARKB.

This revelation shifts the narrative entirely. Over the past 24 hours, Bitcoin ETFs have seen outflows totaling $145.58 million, suggesting a wave of investor selling. ARKB alone recorded outflows of 1,027 BTC, according to data from Lookonchain. The transfer to Coinbase may indicate that ARK Invest is liquidating BTC reserves to cover ETF redemptions.

What’s particularly striking is that this ETF selloff comes amid a Bitcoin price rally. BTC has risen 5% since the start of the week, including a 1.6% gain in the latest trading session. This inverse movement—Bitcoin price rising while ETFs bleed capital—raises important questions about market dynamics.

The disconnect suggests that while ETF investors may be cashing out, broader market sentiment remains bullish. It also highlights a crucial debate for crypto watchers: are Bitcoin ETF redemptions leading the market, or are they following price action? As institutional players shift their holdings and BTC continues to climb, understanding this cause-and-effect relationship could be key to predicting where the market heads next.

The movement of funds from ARK’s ETF to Coinbase adds a new layer to this evolving story, making it a critical data point for anyone tracking Bitcoin price trends and institutional behavior in the crypto space.