ARK Invest Trims Crypto Holdings Amid Market Gains

ARK Invest has sold $65 million worth of crypto-related stocks and ETF shares on September 14, taking profits as prices surged between 2% and 9% in a single session. The largest chunk of that haul came from ARK's own product: approximately 1.53 million shares of the ARK 21Shares Bitcoin ETF (ARKB), worth about $40 million.

The rest of the selling spree touched Coinbase, Circle Internet Group, Bullish, and Bitmine Immersion Technologies. The sell-off included:

Coinbase (COIN) was up 9.24% to $191.45 on the day ARK offloaded 36,628 shares, a position reduction worth roughly $7 million.

Circle Internet Group (CRCL), the company behind the USDC stablecoin, climbed 7.53% to $97.42 as ARK sold 142,350 shares valued at approximately $13.8 million.