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Ark Invest Rotates $43.5M Into Coinbase and Circle as Bullish and Bitmine Exit
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Ark Invest Rotates $43.5M Into Coinbase and Circle as Bullish and Bitmine Exit
Ark Invest trimmed positions in Bitmine Immersion Technologies, Bullish, and Block while simultaneously deploying roughly $43.5M into Coinbase and Circle shares, a rotation that looks far more like portfolio rebalancing than a retreat from crypto equities, according to the firm’s daily trade disclosures. The Cathie Wood-led investment firm has over $16Bn in assets under management, and its publicly traded stock, ARKK, has a market cap of over $3…
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