Ark Invest sells more than USD $ 24 million in Coinbase and Circle shares

The measure of ARK Invest It occurs just when they are registered quite high values ​​in the market. These actions go hand in hand with the company’s strategy, which seeks to maximize profits for participants in their funds.

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• ARK Invest It follows from USD $ 24 million in crypto companies.
• Coinbase Close with historical record after rising more than 27% in five days.
• Senate drives positive atmosphere with project approval Genius Act.
• The company’s strategy is to maximize profits for its investors.

The investment fund manager led by Cathie Wood, ARK Investsold shares for a total of more than USD $ 24 million in two of the main companies linked to the crypto sector: Global Coinbase Inc. and Block Inc.

The movement occurs just after the actions of Coinbase They will reach a new historical record for the closing of yesterday’s edition, reflecting a growing optimism in the US market after favorable regulatory signals.

ARK Invest Cut exposure a Coinbase and block

According to the most recent operations report of ARK Investreviewed by various media, its flagship fund, he ETF Ark Innovation (Arkk)sold 33,363 shares of Coinbase, equivalent to approximately USD $ 12.5 million. In addition, it detached from 189,649 shares of Block Inc.for an estimated value of USD $ 12.3 million.

Despite these sales, both companies have shown opposite trajectories so far this year. Coinbase closed Thursday with an increase of 5.54%, reaching USD $ 375.07 per share, according to data from Yahoo Finance. This figure represents an increase of 27.02% only in the last five days and an impressive 51.06% so far this year.

In contrast, the actions of Block Inc. As soon as 0.46% rose in the day, closing at USD $ 65.11. However, the company drags an accumulated fall of 23.39% so far from 2025.

Coinbase It benefits from the favorable regulatory climate

The renewed enthusiasm for Coinbase It occurs at a key moment for the crypto industry in the United States. He Senate recently approved the bill Genius Act, a crucial regulatory frame for the stablecoins, which now advances towards the House of Representatives.

This legislative context has been received as an institutional support signal to the digital asset ecosystem, feeding the perception that the main crypto platforms are gaining regulatory legitimacy.

The approval of the project has also coincided with the rebound in the shares of companies linked to Stablecoins. Circle, The issuer of USDC, He saw how his action rose 7.56% on Thursday, taking up an upward streak that had been briefly interrupted at the beginning of the week.

Strategy or Profit

Although it may seem contradictory that ARK Invest Buy actions just when they reach new maximums, the firm’s strategy is based on the active portfolios rotation. Cathie Wood has repeatedly indicated that they take advantage of the price peaks to make profits and redistribute capital to technologies in earlier stages or with greater long -term growth potential.

This countercyclical investment philosophy has also generated criticism, since some analysts consider that reducing exposure to solid companies at key moments could limit the future performance of the fund.

In the past it has done something similar with actions of other reputed companies. For example, last Tuesday, ARK Invest sold some USD $ 109 million in shares of Circle, Just when they registered new maximums for that moment.

However, Wood remains firm in his focus. In past statements, he stressed that disruptive innovation requires continuous adjustments, even if that implies temporarily selling booming companies.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, freely used, licensed under public domain

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