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Ark Invest sells $64 million in crypto holdings amid market surge

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Ark Invest sells $65M in crypto holdings amid market surge.

Cathie Wood's firm trimmed positions in Coinbase, Circle, Bitmine, Bullish, and its own Bitcoin ETF during a period of market strength.

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Summary

Ark Invest unloaded roughly $64 million worth of crypto-related holdings on Monday, selling shares across Coinbase, Circle, Bitmine, Bullish, and its own Bitcoin ETF product, ARKB. The trades spanned five crypto-adjacent names. Ark also sold shares of ARKB, its own spot Bitcoin ETF, to manage how much Bitcoin exposure each fund carries relative to its other holdings. The combined $64 million figure sounds dramatic. Circle holdings have sat around $323 million, Bitmine at approximately $275 million, and Bullish near $194 million.

Read full article at Crypto Briefing →

#Circle #Ark Invest #Cathie Wood #Coinbase