Ark Invest sells $25M in Coinbase, Circle, Bullish and Bitmine shares
- —Sold $7 million in Coinbase and $13.87 million in Circle
- —Sold $3.96 million in Bitmine and $68.77 in Bullish
- —Trimmed its position in its own ETF ARKB by $40 million
- —The trades were made amid a rally in crypto stocks
Why it matters: Mass profit-taking by a major institutional fund could signal a local peak in interest in crypto stocks.
Source: PANews