Stacy Pereira
- ARK Invest sold approximately 16,627 Coinbase shares ($6.5M) and 58,504 Robinhood shares ($5.8M) amid market surge.
- In June, ARK offloaded over $44M in Circle stock post its successful IPO.
- The sell-offs contrast with booming demand for crypto, with a record $1.18B inflows into Bitcoin spot ETFs.
Despite Bitcoin soaring past $118,000 and Ethereum climbing over 8% in recent days, Cathie Wood’s ARK Invest has continued to offload shares of crypto-exposed equities. According to recent trading data, ARK sold 16,627 shares of Coinbase (COIN) worth approximately $6.5 million and 58,504 shares of Robinhood (HOOD) valued at $5.8 million. This brings their sale to over $12 million in crypto-related stocks, sold by the asset management firm.
This move comes even as crypto markets experienced a notable bull run, driven by institutional inflows and growing retail interest. Spot Bitcoin ETFs recorded over $1.18 billion in net inflows, reflecting renewed confidence in digital assets. Yet, ARK’s selling suggests a tactical decision to lock in profits rather than chase further upside.
This isn’t the first time ARK has followed such a strategy. Earlier this month, the investment firm sold $47.9 million worth of Coinbase shares between June 30 and July 2, just after COIN rallied on the back of strong crypto momentum. Similarly, in June, ARK offloaded $44 million worth of Circle shares shortly after the company’s IPO, capitalizing on post-listing price gains.
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Cathie Wood has maintained that ARK’s approach is rooted in rebalancing and risk management. While ARK remains bullish on the long-term potential of crypto and related equities, the firm regularly trims positions in high-performing stocks to maintain its portfolio strategy.
The recent sales are likely part of that broader approach, realizing gains during rallies and reallocating capital to newer opportunities or underweight assets. As Bitcoin continues to flirt with new all-time highs, ARK’s disciplined selling shows that even high-conviction investors know when to take chips off the table. Whether this signals a peak in crypto equities or just another rotation in ARK’s active management playbook remains to be seen.
