ARKB Sees $6.2 Million Outflows Amid Broad Bitcoin ETF Inflows and Market Rebalancing

Key Points

1. ARK Invest sold 225,742 shares of its ARK 21Shares Bitcoin ETF (ARKB), resulting in $6.2 million outflows, while the broader Bitcoin ETF market saw $403 million in inflows.

2. The firm also sold 34,207 shares of Coinbase Global Inc., marking its second major divestment of Coinbase shares this month.

3. ARKB remains a significant holding in ARKW, representing 7.2% of the portfolio ($157.2 million), indicating selective trimming rather than a full exit.

4. ARK Invest's cumulative net inflows into its Bitcoin ETF total $2.9 billion since inception, alongside $5 billion in other investments.

5. The sales suggest ARK is balancing Bitcoin ETF exposure with other high-conviction investments like Tesla and Robinhood, aligning with a diversification and risk management strategy.