ARK Invest shook up its portfolios after a big run-up in crypto prices. The firm sold off 1.52 million shares of its own ARKB Bitcoin ETF, cashing in around $40 million, and unloaded 142,000 Circle shares for $13.8 million. ARK also trimmed its stakes in Coinbase ($7 million), Bitmine ($3.96 million), and Bullish (about $688,000).

What ARK Sold Off

The biggest chunk of the sell-off was ARKB—1.52 million shares, worth roughly $40 million. Next up was Circle, with $13.8 million in shares sold. Smaller slices came from crypto names like Coinbase ($7 million), Bitmine ($3.96 million), and Bullish (about $688,000).

Why ARK Is Cutting Back

These moves are all about rebalancing. As Bitcoin and crypto stocks surged, their weight in ARK's portfolios crept past the target 10% mark. Selling off these winners brings the allocations back in line and keeps ARK from being overexposed to the hottest positions.