Ark Invest crypto sales top $65M as Senate’s Clarity Act odds sink to 19%
Cathie Wood’s Ark Invest trimmed several of its biggest crypto-linked stock positions on Monday, even as those same names were posting some of their strongest gains in weeks. The timing raises an obvious question for anyone tracking the firm’s moves: was this simple portfolio housekeeping, or a signal that Ark sees limited room left in a rally tied to Washington’s next big regulatory decision? The latest round of Ark Invest crypto sales touched Coinbase, Circle, Bullish, Bitmine Immersion Technologies and Ark’s own bitcoin ETF, according to the firm’s trade disclosures.
Key takeaways
- Ark Invest sold shares of Coinbase, Circle, Bullish, Bitmine Immersion Technologies and its own ARK 21Shares Bitcoin ETF on Monday.
- Coinbase shares sold totaled about $7 million at a closing price of $191.45, up 9.24% on the day.
- Circle shares sold amounted to roughly $13.8 million, with the stock closing at $97.42, up 7.53%.
- The largest single sale was about $40 million worth of ARKB, Ark’s own bitcoin fund.
- The moves came as the Senate prepares for a cloture vote on the Digital Asset Market Structure Clarity Act, with Polymarket odds of passage swinging from 35% down to 19%.
Ark Invest Sells Crypto-Linked Stocks Amid Market Rally
Ark trimmed five of its most closely watched crypto holdings on the same day those stocks were rallying hard, a pattern that fits the firm’s long-standing habit of rebalancing into strength rather than chasing it. Ark Invest crypto sales this week were broad rather than narrow, touching exchange operators, stablecoin issuers, a bitcoin miner-adjacent treasury firm and Ark’s own fund.
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