Ark Invest, the investment firm led by Cathie Wood, sold most of its holdings in several crypto-linked stocks as those names moved higher, according to The Block. The sales included $7 million worth of Coinbase shares, $13.87 million in Circle stock, $3.96 million in Bitmine shares, and $687,700 in Bullish stock. Ark also reduced its position in the Ark 21Shares Bitcoin ETF, or ARKB, by $40 million. The move came during a broader upswing in crypto-related equities, though the report did not provide further details on timing beyond the sales taking place as those stocks were rising. The transactions covered both publicly traded crypto companies and Ark's own spot Bitcoin ETF product.
Ark Invest, led by Cathie Wood, sold most of its holdings in Coinbase, Circle, Bullish and Bitmine as crypto-related stocks moved higher, according to The Block.
The sales included $7 million of Coinbase shares, $13.87 million of Circle shares, $3.96 million of Bitmine shares, and $687,700 of Bullish stock.
Ark also cut $40 million from its position in the Ark 21Shares Bitcoin ETF, or ARKB.
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