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Ark Invest Offloads $22M in Coinbase & Block Shares—Strategic Rebalancing or Profit-Taking?
Ark Invest Offloads $22M in Coinbase & Block Shares—Strategic Rebalancing or Profit-Taking?
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Cathie Wood's Ark Invest just made waves—dumping $22 million worth of Coinbase and Block shares in a classic 'rebalancing' maneuver. Timing the market or timing the headlines?
Behind the move: The crypto-heavy portfolio shuffle comes as Bitcoin flirts with all-time highs—again. Ark's sell-off smells like textbook profit-taking dressed in institutional jargon.
The cynical take: When funds say 'rebalancing,' grab your wallet. These sales represent less than 1% of Ark's $15B+ holdings—barely a rounding error, but just enough to generate juicy compliance paperwork.
Final thought: In crypto, even the bulls take chips off the table. The real question? Whether this is foresight... or FOMO in reverse.
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