Ark Invest reduced its holdings in cryptocurrency stocks, including $7 million in Coinbase and $13.87 million in Circle

According to The Block, Cathie Wood's Ark Invest sold most of its holdings in Coinbase, Circle, Bullish, and Bitmine as cryptocurrency-related stocks rose. The specific sales included $7 million in Coinbase, $13.87 million in Circle, $3.96 million in Bitmine, and $687,700 in Bullish stocks.

Ark also reduced its holdings by $40 million in its own issued Ark 21Shares Bitcoin ETF (ARKB).