According to BlockBeats, on September 15th, Cathie Wood's ARK Invest significantly reduced its holdings in multiple assets this Monday amid a general rise in crypto-related stocks, including:
ARK Invest sold 36,628 shares of Coinbase stock, worth approximately $7 million; reduced its holdings of Circle by 142,350 shares, worth approximately $13.8 million; and also sold 153,881 shares of Bitmine, worth approximately $3.96 million, and 18,280 shares of Bullish, worth approximately $688,000.
In addition, ARK Invest sold approximately 1.529 million shares of ARK 21Shares Bitcoin ETF (ARKB), worth about $40 million based on the closing price that day. This was the largest reduction in ARKB holdings.
ARK Invest will continuously adjust the cryptocurrency exposure of its funds according to market conditions, and its investment strategy stipulates that no single holding shall account for more than 10% of the fund's assets.