Ark Invest was selling into the rally on Monday. As crypto-linked stocks climbed, Ark Invest trimmed positions across Coinbase, Circle Internet Group, Bitmine Immersion Technologies and Bullish — while also taking a much larger step back from its own spot bitcoin ETF.
The trades came as investors returned their attention to Washington, where fresh movement on the Digital Asset Market Structure Clarity Act helped lift sentiment around crypto-related companies.
Ark’s latest trade disclosure showed it sold 36,628 Coinbase shares, worth roughly $7 million based on the stock’s Monday close of $191.45. Coinbase shares gained 9.24% during the session.
Circle was another major target. Ark Invest sold 142,350 shares of Circle across two funds, representing about $13.8 million at the company’s Monday closing price of $97.42. Circle stock rose 7.53%.
The firm’s sales extended beyond the two better-known crypto names. Ark sold 153,881 shares of Bitmine, the ether-focused treasury company, worth approximately $3.96 million. Bitmine finished Monday at $25.76, up 2.92%.
It also cut 18,280 shares of crypto exchange Bullish, worth around $688,000. Bullish gained 7.12% to close at $37.62.
Ark Invest makes its biggest cut in bitcoin
The largest crypto-related sale was not in a crypto stock at all. Ark Invest sold 1,528,953 shares of the ARK 21Shares Bitcoin ETF, or ARKB, worth about $40 million.
That ETF closed Monday at $26.19 after rising 2.22%.
The contrast is striking: while crypto-linked shares were moving higher, Ark Invest was reducing exposure across several of the sector’s most closely watched names. Still, the firm’s strategy regularly involves adding to and trimming holdings as market conditions change.
There is also a built-in reason for some of that activity. Ark’s investment rules prevent any single holding from accounting for more than 10% of a fund’s portfolio, helping preserve diversification across its ETFs.
Ark Invest watches Washington as crypto stocks climb
The timing of the sales also matters. The move in crypto-related stocks coincided with the U.S. Congress returning from its August recess and renewed expectations that the Clarity Act could advance this month.
On Monday, Senate Republicans released what they described as their final draft of the bill, incorporating significant changes requested by Democrats on ethics and other issues. Donald Trump had previously agreed to those changes.
Prediction-market odds that the Clarity Act would become law jumped to 35% on Polymarket on Monday, before falling back to 19% by today.
The next immediate test is a procedural cloture vote scheduled for Tuesday at 2:15 p.m. ET. The measure needs 60 votes to clear that hurdle.
For Ark Invest, the episode puts a familiar pattern against a very current backdrop: crypto markets can rally on expectations, while the firm adjusts its portfolio according to its own exposure limits and market conditions.