Ark Invest Rotates $43.5M Into Coinbase and Circle as Bullish and Bitmine Exit
Ark Invest trimmed positions in Bitmine Immersion Technologies, Bullish, and Block while simultaneously deploying roughly $43.5M into Coinbase and Circle shares, a rotation that looks far more like portfolio rebalancing than a retreat from crypto equities, according to the firm’s daily trade disclosures.
The Cathie Wood-led investment firm has over $16Bn in assets under management, and its publicly traded stock, ARKK, has a market cap of over $38Bn.
This news dropped as the total crypto market cap shot up +0.5% overnight, sitting at $2.29 trillion, with a daily trading volume of $59.1Bn, an increase from $56Bn yesterday.
Cathie Wood trims Bitmine and Robinhood while doubling down on Coinbase and Circle
Ark Invest (@ARKInvest) sold about $4.4M in crypto equities on Wednesday, led by a $2M cut to Ethereum treasury firm Bitmine as $BMNR fell 5.6%, alongside smaller sales of Robinhood, Block, and… pic.twitter.com/2Y4qwCX8TN
- BSCN (@BSCNews) July 30, 2026
What Ark Invest Actually Bought and Sold
Over a three-day period, Ark purchased 122,544 Coinbase (COIN) shares valued at nearly $18.6M, and 169,777 Circle (CRCL) shares worth about $12.9M. Both purchases came as the stocks declined alongside Bitcoin and as expectations for U.S. crypto legislation softened.
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