Ark Invest Sells $65 Million in Crypto-Related Stocks and Bitcoin ETF

Ark Invest has sold off cryptocurrency-related stocks and its own Bitcoin ETF, cashing out more than $65 million (approximately 87.6 billion won). Crypto Briefing reported on April 14 that Ark Invest divested Coinbase ($COIN), Circle ($CRCL), Bitmine ($BMNR), Bullish ($BLSH) stocks, and the ARK 21Shares Bitcoin ETF ($ARKB).

The firm sold 1.5 million shares of ARKB for approximately $40 million, along with 142,350 shares of Circle stock (about $14 million), 36,628 shares of Coinbase stock (around $7 million), 153,881 shares of Bitmine stock (roughly $4 million), and 18,280 shares of Bullish stock (approximately $687,693).