ARK Invest dumps $65 million in crypto stocks while the market rips higher

ARK Invest sold roughly $65 million worth of crypto-related stocks and ETF shares on September 14, taking profits as the names surged between 2% and 9% in a single session. The largest chunk of that haul came from ARK’s own product: approximately 1.53 million shares of the ARK 21Shares Bitcoin ETF (ARKB), worth about $40 million. The rest of the selling spree touched Coinbase, Circle Internet Group, Bullish, and Bitmine Immersion Technologies. Breaking down the trades Coinbase (COIN) was up 9.24% to $191.45 on the day ARK offloaded 36,628 shares, a position reduction worth roughly $7 million. Circle Internet Group (CRCL), the company behind the USDC stablecoin, climbed 7.53% to $97.42 as ARK sold 142,350 shares valued at approximately $13.8 million. Bullish (BLSH) advanced 7.12% to $37.62, with ARK trimming 18,280 shares worth about $688,000. Bitmine Immersion Technologies (BMNR), a Bitcoin mining operation, rose 2.92% to $25.76 while the firm shed 153,881 shares for roughly $3.96 million. At $26.19 per share and 1.53 million shares sold, the ARKB trade alone accounted for about $40 million of the day’s total. The buy-low, sell-high machine ARK’s trading pattern throughout 2026 has...