Ark Invest sells $65 million in crypto stocks as CLARITY Act odds fall to 19%
- —Sold 36,628 Coinbase shares for about $7 million as the stock rose 9.24%
- —Sold 142,350 Circle shares for about $13.8 million; the stock gained 7.53%
- —The largest trade was 1.53 million ARKB units for about $40 million
- —CLARITY Act odds on Polymarket fell from 35% to 19% in a day
Why it matters: Ark's sales reflect portfolio rebalancing, but their timing alongside the drop in CLARITY Act odds underscores how crypto stocks depend on regulatory news from Washington.
Source: The Cryptonomist