Ark Invest sells $64M in crypto holdings amid market surge

Ark Invest unloaded roughly $64 million worth of crypto-related holdings on Monday, selling shares across Coinbase, Circle, Bitmine, Bullish, and its own Bitcoin ETF product, ARKB. The move came while digital asset markets were rallying, consistent with Cathie Wood’s well-documented playbook of buying weakness and selling strength.

What Ark actually sold

The trades spanned five crypto-adjacent names. Coinbase, the largest US crypto exchange, was among the positions trimmed. So was Circle, the company behind the USDC stablecoin, and Bitmine, a Bitcoin mining operation. Bullish, the exchange backed by Peter Thiel and other high-profile investors, also saw its Ark allocation reduced.

Ark also sold shares of ARKB, its own spot Bitcoin ETF, to manage how much Bitcoin exposure each fund carries relative to its other holdings.

The combined $64 million figure sounds dramatic. But context matters. Ark’s crypto-related holdings across its flagship ETFs, ARKK, ARKW, and ARKF, have historically run into the hundreds of millions. Its Coinbase position alone has been valued at roughly $609 million. Circle holdings have sat around $323 million, Bitmine at approximately $275 million, and Bullish near $194 million.

The Ark rebalancing pattern

In July 2026, a similar pattern played out on a smaller scale. Ark trimmed approximately $4.4 million in positions across Bitmine, Bullish, and related equities. During that same stretch, the firm added roughly $18.6 million in Coinbase shares and about $12.9 million in Circle over multi-day buying windows. The net effect of that month was actually an increase in crypto exposure, not a decrease.

It is worth noting that no official sources or disclosures have confirmed the reported $64 million sale, and as of September 15, 2026, no verified sales corresponding to this figure had been reported across known crypto news sources.

Why sell into strength

When a position grows faster than everything else in a portfolio, it starts to dominate the fund’s risk profile. Trimming resets allocations so no single bet can sink the ship. Rising prices across Bitcoin and crypto equities mechanically push Ark’s allocations higher than their target weights.

Ark remains one of the largest institutional holders of crypto-related equities through its suite of ETFs, with positions in Coinbase, Circle, and the Bitcoin mining and exchange sectors that dwarf the Monday trims by a wide margin.

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