Ark Invest Makes Major Crypto Sales Before Clarity Vote - Blockonomi

by · Blockonomi

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  • Ark Invest sold about $7 million in Coinbase shares after the stock gained 9.24%.
  • The firm also sold roughly $13.8 million in Circle shares following a 7.53% rise.
  • Ark’s largest crypto-related sale involved about $40 million of ARKB shares.
  • Ark Invest regularly trims positions to keep individual holdings below its 10% portfolio limit.
  • The sales came as markets watched the Clarity Act cloture vote, which requires 60 Senate votes to advance.

Ark Invest reduced crypto-linked positions on Monday as shares tied to the digital asset sector moved higher. The firm sold Coinbase, Circle, Bullish, Bitmine Immersion Technologies, and shares of its ARK 21Shares Bitcoin ETF.

The investment manager sold 36,628 Coinbase shares worth about $7 million. Coinbase closed at $191.45, up 9.24%. Ark Invest sold 142,350 Circle shares worth about $13.8 million after Circle gained 7.53% to $97.42. The sales came during a rise in crypto-related stocks.

More Crypto Shares Leave Ark Funds

Ark Invest sold 153,881 Bitmine shares valued at about $3.96 million. Bitmine ended Monday at $25.76 after rising 2.92%. The company operates an ether treasury strategy and remained among the crypto-linked names that gained.

The firm also sold 18,280 Bullish shares worth about $687,693. Bullish closed 7.12% higher at $37.62. Ark Invest regularly adjusts holdings across its funds as prices and portfolio weights change. Its disclosures provide a view of those portfolio moves.

The largest crypto-related sale involved the ARK 21Shares Bitcoin ETF. Ark Invest sold 1,528,953 ARKB shares worth about $40 million. The ETF closed at $26.19, up 2.22%, making it the biggest sale listed in Monday’s disclosure.

Ark follows portfolio rules that limit any single holding to 10% of a fund. That policy helps the firm keep its ETFs diversified when certain stocks or funds rise quickly. The rule can lead to trims after strong price moves lift a holding’s weight.

Clarity Act Vote Draws Market Attention

The crypto stock rally came as Congress returned from its August recess. Investors also watched the Digital Asset Market Structure Clarity Act, which could move forward this month. Expectations around the bill added another policy event for crypto markets.

Senate Republicans released a revised draft on Monday after negotiations with Democrats. The proposal included changes related to ethics and other issues. President Donald Trump had agreed to changes requested during the talks. Polymarket odds of passage rose to 35% on Monday before falling to 19% on Tuesday.

The bill faces a procedural cloture vote at 2:15 p.m. ET on Tuesday. It needs 60 votes to advance. Market participants are watching the vote because the bill would set clearer federal rules for digital asset markets.

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