Ark Invest reduced several major crypto-linked positions on Monday as digital asset stocks moved higher. The firm’s biggest disclosed sale involved its ARK 21Shares Bitcoin ETF, followed by reductions in Circle and Coinbase.
According to Ark’s latest trade disclosure, the firm sold 1,528,953 ARKB shares, a position worth about $40 million at Monday’s closing price. The fund nevertheless ended the session higher, closing at $26.19, up 2.22%.
Ark also cut its exposure to Circle Internet Group, selling 142,350 shares across two funds for roughly $13.8 million. Circle shares closed at $97.42 after gaining 7.53% during the session.
The firm made another sizable reduction in Coinbase, selling 36,628 shares of the crypto exchange valued at about $7 million. Coinbase finished Monday at $191.45, rising 9.24%.
Ark’s three largest disclosed reductions were therefore all in assets that finished the session higher. The selling also extended beyond those major crypto-linked positions.
Ark Also Trims Bitmine and Bullish Positions
Ark sold 153,881 shares of Bitmine Immersion Technologies, according to the disclosed trades. The transaction was valued at about $3.96 million, while Bitmine closed at $25.76, up 2.92% on the day.
The firm also sold 18,280 Bullish shares worth about $687,693. Bullish closed at $37.62, up 7.12% on the day.
Taken together, the trades show Ark reducing several crypto-related positions during a strong market session. The moves fit the firm’s active portfolio strategy, under which it regularly adjusts holdings as share prices and portfolio weightings change.
Ark also limits individual holdings within its ETFs, with no single position allowed to exceed 10% of a fund’s portfolio. The rule helps reduce concentration risk and preserve diversification.
Clarity Act Expectations Provide Broader Market Context
Ark’s portfolio changes came as sentiment toward crypto-linked stocks strengthened, with investors also watching renewed legislative activity in Washington after Congress returned from its August recess.
Senate Republicans released a final draft of the Digital Asset Market Structure Clarity Act on Monday. The revised version incorporated several Democratic requests, including changes related to ethics and other issues that Donald Trump had previously agreed to.
Expectations around the legislation initially improved after the draft emerged, with Polymarket odds of the Clarity Act becoming law climbing to 35% before later falling to 19%. The reversal indicated that significant uncertainty remained despite the renewed legislative activity.
The next key step is a procedural cloture vote scheduled for Tuesday at 2:15 p.m. ET, with 60 votes required for the measure to advance. For crypto markets, the vote could influence expectations around the bill’s progress, while Ark’s latest trades show the firm continuing to rebalance as crypto-related assets move higher.