ARK Invest executed significant portfolio adjustments by divesting portions of its Bitcoin ETF and Coinbase holdings, despite overall positive inflows across the Bitcoin ETF market. The sales align with the firm’s strategy to optimize asset allocation amid shifting market conditions.
ARK sold 225,742 shares of its ARK 21Shares Bitcoin ETF (ARKB), generating approximately $6.2 million in outflows. This move occurred simultaneously with broader Bitcoin ETF inflows totaling $403 million across competing funds. Concurrently, ARK disposed of 34,207 shares of Coinbase Global Inc., marking its second substantial reduction of the crypto exchange’s stock this month.
Despite these divestments, ARKB retains a major position within the ARK Next Generation Internet ETF (ARKW), accounting for 7.2% of its portfolio valued at $157.2 million. The selective trimming underscores a targeted risk management approach rather than a wholesale exit from Bitcoin exposure.
Since the ETF’s launch, ARK has accumulated $2.9 billion in net inflows while deploying $5 billion into other investments. The transactions suggest strategic portfolio diversification beyond cryptocurrency assets, reallocating capital toward high-conviction positions including Tesla and Robinhood amid evolving regulatory and macroeconomic landscapes.