Cathie Wood’s investment firm, ARK Invest, has made its largest-ever single-day sale of the ARK 21Shares Bitcoin ETF (ARKB) shares following a sharp rally and a stock split adjustment, signaling profit-taking during a pivotal moment for crypto ETFs.
ARK Dumps Over 225K ARKB Shares After All-Time High
On July 15, ARK offloaded 225,742 shares of ARKB from its ARK Next Generation Internet ETF (ARKW), generating approximately $8.7 million at a closing price of $38.70. Although this was the largest ARKB transaction to date by share volume, it fell short of the $12 million sale recorded in April, when ARK sold 159,496 shares at higher pre-split prices.
The move followed ARKB’s 3-for-1 stock split in mid-June, which adjusted share prices downward while tripling the share count. On a pre-split basis, ARKB’s recent high of $39.30 (reached July 6) would equal roughly $117.90 — marking a new all-time high.
Profit-Taking as ARK Rebalances Portfolio
The sale comes amid strong momentum in Bitcoin ETFs, with inflows and asset prices hitting fresh highs. According to the company’s trading disclosure, the ARKB transaction was part of broader portfolio rebalancing.
In addition to ARKB, ARK also sold:
- 34,207 Coinbase (COIN) shares for $13.3 million
- 58,504 Robinhood (HOOD) shares worth $5.6 million
- 24,780 shares of Block (formerly Square) valued at $1.7 million
The latest COIN and HOOD sales continue a trend of profit realization as crypto-related stocks surge alongside digital asset prices.
Bitcoin ETF Momentum Remains Strong
Despite the partial exit from ARKB, ARK Invest remains active in the crypto ecosystem. The ETF has attracted increasing investor attention as spot Bitcoin ETFs gain legitimacy in institutional portfolios. According to ARK, the firm continues to maintain long-term conviction in Bitcoin as a disruptive asset, though recent gains have prompted short-term reallocation strategies.
Conclusion: ARK Times the Top, For Now
With Bitcoin trading near $119,000 and crypto funds seeing multi-billion-dollar inflows, ARK’s decision to scale back ARKB exposure near record highs aligns with tactical capital management. Whether it’s a temporary profit-taking strategy or a broader risk-off signal remains to be seen, but the market has clearly taken notice of the timing.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.