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Crypto

ARK Invest Cuts Crypto Exposure Ahead of Clarity Act Vote

Guavy AI Editorial Team
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Cathie Wood's ARK Invest cut its exposure to cryptocurrencies by selling shares of several crypto-linked stocks, including Coinbase (COIN), Circle Internet Group (CRCL), and BitMine Immersion Technologies (BMNR).

The sell-off came ahead of the CLARITY Act vote in the Senate on Tuesday, which caused Bitcoin's price to fall below $77,000.

ARK sold over 1.5 million shares of the ARK 21Shares Bitcoin ETF across ARKW and ARKF, representing approximately 1.53% of the respective funds' holdings.

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