Ark Invest sold $4.4 million in crypto-linked equities while increasing holdings in Coinbase and Circle amid market declines.
Ark Invest sold $4.4 million worth of shares in Bitmine, Robinhood, Block, and Bullish on Wednesday, reducing exposure to crypto-related stocks after price declines. The largest sale was 120,665 Bitmine shares, valued at $2 million, as the stock fell 5.6%.