Ark Invest Unloads $64M in Crypto Holdings Amid Market Rally

Cathie Wood's investment firm, Ark Invest, has made significant sales of crypto-related holdings worth $64 million amidst a market surge.

The trades spanned five companies: Coinbase, Circle, Bitmine, Bullish, and its own Bitcoin ETF product, ARKB. The largest US crypto exchange, Coinbase, saw its position trimmed along with Circle, the company behind the USDC stablecoin.

Bullish, an exchange backed by Peter Thiel and other high-profile investors, also had its Ark allocation reduced. Ark Invest sold shares of ARKB to manage its Bitcoin exposure relative to other holdings.