ARK Invest Sells $65 Million in Crypto Stocks Amid Market Rally

On September 14, 2026, ARK Invest, led by Cathie Wood, sold approximately $65 million worth of crypto-related stocks and shares in its Bitcoin ETF during a significant rally in the cryptocurrency market. The firm’s largest transaction involved offloading around 1.53 million shares of the ARK 21Shares Bitcoin ETF (ARKB), valued at about $40 million. Other notable sales included positions in Coinbase, Circle Internet Group, Bullish, and Bitmine Immersion Technologies, which all experienced price increases of between 2% and 9% on the same day.

Specifically, ARK sold 36,628 shares of Coinbase, which rose 9.24% to $191.45, resulting in a reduction worth roughly $7 million. The firm also sold 142,350 shares of Circle Internet Group, the issuer of the USDC stablecoin, as its stock climbed 7.53% to $97.42, totaling approximately $13.8 million in sales. Additionally, ARK trimmed its holdings in Bullish and Bitmine Immersion Technologies, contributing to the overall $65 million divestment.

This trading pattern reflects ARK's strategy of buying during market pullbacks and selling when prices rise. Earlier in 2026, the firm had increased its positions in these stocks during market downturns. The recent sales are seen as a portfolio rebalancing effort rather than a shift in investment strategy, as ARK manages billions in assets across various funds. Despite the significant sell-off, the fundamentals of the involved companies remain strong, and ARK's trading activities often influence market movements.

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Source: KLEA News