ARK Invest Dumps $12.3 Million in #Crypto Stocks Despite $BTC Rally


Cathie Wood's ARK Innovation ETF sold $6.5 million in Coinbase and $5.8 million in #Robinhood shares Thursday.


The sales occurred as $BTC reached new all-time highs above $118,000 early Friday morning.


ARK offloaded 16,627 #Coinbase shares and 58,504 Robinhood shares while both stocks rallied 4%.


#COIN closed at $388.96 while Robinhood hit $98.70 amid the broader crypto market surge.


The fund also sold 24,780 Block Inc shares worth approximately $1.7 million.


$BTC jumped 6.4% in 24 hours while $ETH gained 8.5% to reach $3,011.


Coinbase recently partnered with Perplexity AI for real-time crypto data services.


Robinhood faces regulatory scrutiny over its new tokenization initiative and #trading cost claims.

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July 11, 2025 at 2:40 PM
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