Ark Invest trims Coinbase, Circle, Bullish and Bitmine as crypto-linked stocks jump; sells $40M of ARKB

AI Market Summary

Ark Invest reduced exposure to crypto-linked equities after a surge, selling positions in Coinbase, Circle, Bullish, and Bitmine, and also trimming roughly $40M of its ARKB bitcoin ETF. The move signals portfolio rebalancing and potential near-term supply pressure in the most directly sold names, while highlighting continued active institutional positioning across crypto beta vehicles rather than a clear directional view on crypto assets.

Impact level

● Medium

Affected assets

NCSKCOIN2USD/USDT+5.40%

AI Insight · NCSKCOIN2USD/USDTAI Insight

● Neutral

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Ark Invest, led by Cathie Wood, reduced several crypto-related equity positions on Monday as the sector rallied, according to The Block. The firm sold about $7 million of Coinbase ($COIN), $13.87 million of Circle ($CRCL), $3.96 million of Bitmine ($BMNR) and $687,693 of Bullish shares. Ark also cut roughly $40 million of its Ark 21Shares Bitcoin ETF (ARKB).

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