Investment firm Ark Invest made significant sales in both Coinbase shares and its own Spot Bitcoin ETF ARKB! Here are the details.

Cathie Wood's leading investment firm Ark Invest made significant sell-offs in both Coinbase (COIN) shares and its own spot Bitcoin ETF ARKB.

Ark Invest, Coinbase Stock and Its Own Bitcoin ETF Made a Million Dollar Sell

The company generated approximately $13.3 million by selling 34,207 shares of Coinbase and $8.7 million by selling 225,742 shares of ARKB. The sales came shortly after both Bitcoin and Coinbase reached all-time highs.

Ark Invest follows a strategy where no asset in its funds exceeds 10% of the total weight. This policy aims to maintain portfolio diversity and regular rebalancing is done in case of significant increases or decreases in asset values (rebalancing).

According to the company's latest data, Coinbase stock constitutes 7.9% of the ARKW fund and is worth approximately $172.8 million. The largest asset of the fund is Robinhood, with an 8% weighting at a level of $175.5 million.

Coinbase shares rose 1.8% to $394.01 on Monday, setting a record, as the company's market value surpassed $100 billion for the first time. However, on Tuesday, the shares fell 1.5% to $388.02. Over the past month, the shares have gained more than 50% in value, driven by Bitcoin's record-breaking rally and the notable IPO of stablecoin partner Circle.

ARK also made sales from its own Bitcoin ETF

Ark Invest also executed a sell of $8.7 million from its own spot Bitcoin ETF ARKB on Tuesday. The sell coincided with Bitcoin reaching a new ATH of over $123,000 on Monday, followed by a drop below $116,000 on Tuesday.

ARKB constitutes 7.2% of the ARKW fund, making it the fourth largest position with a value of approximately 157.2 million dollars.

Strong Inflows into Bitcoin ETFs Continue

On Tuesday, there was a net outflow of 6.2 million dollars from ARK, while total spot Bitcoin ETFs saw a net inflow of 403.1 million dollars. Leading the inflows was BlackRock's IBIT ETF, contributing 416.3 million dollars.

Spot Bitcoin ETFs have seen continuous inflows for the last 9 days, gathering a total of 4.4 billion dollars. Since their launch in January 2024, the total net inflow of ETFs has surpassed 53.3 billion dollars. ARKB accounts for 2.9 billion dollars of this figure and is currently managing 5 billion dollars in assets.

BRN chief analyst Valentin Fournier stated the following in his assessment:

"ETF inflows are strong, altcoins are gaining momentum, and sentiment is high with macro optimism. Bitcoin has more room to reach its peak, but in the short term, we are leaving the stage to altcoins."