Ark Invest trims crypto holdings as Clarity Act faces Senate vote

  • Ark Invest sold Coinbase, Circle, Bitmine, Bullish and ARKB shares on Monday.
  • Ark sold 1,528,953 ARKB shares valued at about $40 million.
  • The Clarity Act faces a Senate cloture vote requiring 60 votes.

Cathie Wood's Ark Invest sold shares of Coinbase, Circle Internet Group, Bitmine Immersion Technologies, Bullish and its ARK 21Shares Bitcoin ETF on Monday as those holdings gained. The trades included 36,628 Coinbase shares worth about $7 million, 142,350 Circle shares worth about $13.8 million and 1,528,953 ARKB shares worth about $40 million, bringing the five sales to roughly $65 million. The firm caps individual holdings at 10% of a fund portfolio, meaning sharp price gains can trigger rebalancing sales without indicating a bearish long-term view. The moves coincided with Senate Republicans releasing a revised Digital Asset Market Structure Clarity Act draft ahead of a Tuesday cloture vote requiring 60 votes. Polymarket odds of the bill becoming law rose to 35% before falling to 19%.

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