ARK Invest Sells $40 Million in Bitcoin ETF Assets and $14 Million in Circle Shares

In response to a significant surge in cryptocurrency values, ARK Invest has realigned its portfolios.

The firm divested approximately 1.52 million shares of its Bitcoin ETF (ARKB) for about $40 million, alongside selling 142,000 shares of Circle for $13.8 million. Additionally, ARK sold shares in Coinbase ($7 million), Bitmine ($3.96 million), and Bullish (~$688,000).

These sales were prompted by rising prices of Bitcoin and related crypto stocks, which led to an increase in the proportion of these assets within ARK's portfolios, surpassing the target threshold of 10%.