#ARKInvest Sells $8.7 Million $BTC #ETF Shares


Cathie Wood's ARK Invest has sold 225,742 shares of its own $BTC ETF worth $8.7 million from its Next Generation Internet fund.


The firm simultaneously offloaded $13.3 million in #Coinbase shares as COIN hit record highs above $400.


The sales came after Bitcoin briefly surged past $123,000 and Coinbase's market cap exceeded $100 billion.


ARK's ARKB fund experienced $6.2 million in outflows while other $BTC ETFs saw $403 million in combined inflows.


#BlackRock's IBIT led with $416.3 million in inflows, contributing to a nine-day streak totaling $4.4 billion.


Analysts suggest ARK may have been taking profits ahead of CPI data or shifting toward higher-return assets.


The move represents notable #profit-taking from one of crypto's most aggressive institutional adopters.

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July 17, 2025 at 12:47 AM
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