Ark Invest Dumps $13.3M in Coinbase & $8.7M in Bitcoin ETFs – Strategic Shift or Profit Grab?

Cathie Wood’s Ark Invest just made waves—liquidating $22M in crypto-linked assets in one swoop. Coinbase shares? Slashed. Bitcoin ETF exposure? Trimmed. Was it portfolio rebalancing… or a cheeky exit before volatility hits?

Behind the sell-off: The move sparks debate—bullish conviction fading, or just locking in gains while the SEC still glares at crypto like a suspicious cafeteria lady? Either way, Wall Street’s algo-traders just got fresh meat.

Closing jab: Nothing says 'trust the blockchain' like old-fashioned profit-taking. Stay greedy, folks.

Profit Taking Aligned With Portfolio Rules

Ark Invest sticks to strict allocation rules to avoid overexposure. When one stock rises too much, the firm takes profits. This time, Coinbase and ARKB both surged in value. The firm rebalanced to lock in profits and reduce concentration risk.

Moreover, Ark’s bitcoin ETF has now reached $5 billion in assets under management. Tuesday’s ARKB sale followed $6.2 million in net outflows from the fund. Still, spot Bitcoin ETFs saw $403.1 million in inflows that day, mainly from BlackRock’s IBIT.

Ethereum Interest Grows as Supply Tightens

Ark is also turning more attention toward Ethereum. Cathie Wood praised the ethereum Foundation’s zkEVM plans for improving scalability and privacy.

I can’t say I understand all of the details here, but the Ethereum Foundation does seem to be proposing the right moves for scalability and privacy to maintain its lead in the institutional world. https://t.co/8Fprrfbmho

Additionally, Ark researcher Lorenzo Valiente pointed out a brewing ETH supply shock. Ethereum ETFs pulled in more ETH in nine days than what was issued since the Merge.

Wood summarized the trend clearly: “The price of any good is determined at the margin, demand relative to supply. The math is mathin.”

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