Cathie Wood's ARK Invest Sells $65 Million Worth of Crypto Holdings Ahead of Senate Vote
Veteran investor Cathie Wood’s firm, ARK Invest, sold approximately $65 million in crypto-related stocks and funds on September 14 ahead of a key U.S. Senate cloture vote on the Digital Asset Market Clarity Act (CLARITY). The sales included shares from major players like Coinbase Global (COIN), Circle Internet Group (CRCL), Bitmine Immersion Technologies (BMNR), Bullish (BLSH), and ARK’s own Bitcoin ETF (ARKB). Despite rising stock prices for these companies, the firm offloaded significant portions of its holdings. The Senate is set to vote on a procedural motion today that requires 60 votes—including at least seven Democrats—to advance the bill. The timing suggests strategic positioning ahead of regulatory developments in the crypto space. Wood has previously highlighted potential market-moving signals for Bitcoin and other digital assets, but this move indicates caution or reallocation before policy outcomes become clearer.
Tickers: $ARKB $BLSH $BMNR $COIN $CRCL
Topics: ARK Invest Cathie Wood CLARITY Act vote Crypto sales