Cathie Wood's ARK Dumps $60M in Crypto Stocks Days Before SEC Innovation Exemption
- —ARK sold about $60M in crypto equities, including COIN, Circle, Bitmine and Bullish
- —COIN closed at $194.25, up 10.84% on the week but down 43.39% year over year
- —Coinbase Q2 2026 revenue fell 18.5% year over year to $1.22 billion
- —Coinbase services revenue held at $555 million, or 48% of net revenue
Why it matters: ARK's exit just before the SEC's tokenized-equity exemption suggests the regulatory upside was already priced into crypto stocks.
Source: Yahoo Finance Crypto