Crypto Stock Rally Running Out of Gas? Ark Invest Dumps $COIN & $CRC in Bold Move
Is the crypto equity boom hitting a wall? Cathie Wood's Ark Invest just made a power play—dumping Coinbase and Circle shares like hot potatoes. Here's why it matters.
The Big Unload: Ark's flagship funds offloaded seven figures worth of $COIN and $CRC this week. No sentimental hodling here—just cold, calculated profit-taking.
Market Whiplash: Crypto stocks soared 200%+ since January, but now traders are eyeing Bitcoin's stalled rally. "When the tide turns, institutions exit first," quipped one hedge fund manager (between sips of a $22 artisanal cold brew).
Silver Lining Playbook: This could signal rotation into pure-play crypto assets—DeFi tokens and Bitcoin ETFs saw inflows the same day. Because nothing says 'conviction' like swapping regulated stocks for anonymous internet money.
The real question: Is this a tactical retreat or the start of a broader pullback? Either way, grab your popcorn—when Ark moves, the market listens.
Ark Invest Cashes Out of Crypto Stocks
Amid ongoing volatility in the crypto market, on June 30, 2025, Ark Invest sold approximately $43.8 million worth of Coinbase stock, following a $12.5 million transaction on June 27.
In addition to Coinbase, since June 24, the fund has sold over 410,000 Circle shares, generating more than $110 million, following divestitures of $44.76 million (June 18) and $51.7 million (June 17) over two consecutive days.
These moves come as Coinbase stock surged 43% in June, leading the S&P 500, driven by the stablecoin growth narrative. Meanwhile, Circle’s stock has soared nearly 490% since its IPO.
It appears Ark Invest is capitalizing on this strong price rally to lock in profits, particularly as JPMorgan Chase downgraded Circle to “underweight,” predicting its stock price could fall to $80 by the end of 2026.
In its latest analysis, 10x Research highlights that 2025 marks “the first year of crypto stocks.” The market has recorded a 119% surge in crypto stock performance in 2025.
However, Ark Invest’s sell-off may serve as a warning signal. Combined with Ark’s continued investment in technology stocks like AMD, TSMC, and Shopify, while selling Circle and Coinbase, reflects a strategic shift toward more sustainable growth sectors.
