Ark Invest Offloads $64M in Crypto Stocks Amid Market Rally
What happened: Ark Invest sold approximately $64 million in crypto-related stocks on September 14, including $13.
What happened: Ark Invest sold approximately $64 million in crypto-related stocks on September 14, including $13.8M of Circle (CRCL), $7M of Coinbase (COIN), $3.96M of Bitmine (BMNR), $687k of Bullish (BLSH), and $40M of its own ARK 21Shares Bitcoin ETF (ARKB). The sales coincided with a rally in crypto stocks following the release of the Senate Republicans' CLARITY Act draft, which boosted the Polymarket-implied probability of passage to 30–33%.
Why it matters: While some interpreted the sales as a bearish signal, Ark's moves align with its routine rebalancing strategy to maintain a 10% cap per holding. The timing reflects Ark's practice of selling into strength, not necessarily a negative outlook on the sector or the CLARITY Act. The rally and Ark's trims underscore the sensitivity of crypto equities to regulatory developments.
Source: The Block