COIN -1.5% | $BTC ETF Rebalanced | July 16, 2025
Cathie Wood’s Ark Invest is locking in gains. The firm sold $13.3 million in Coinbase shares and $8.7 million of its own Bitcoin ETF (ARKB) on Tuesday following record highs for both assets.
🔍 Key Details:
34,207 COIN shares sold from Ark’s ARKW fund
→ Valued at $13.3M
→ Coinbase had just closed at an all-time high of $394.01 on Monday
→ Tuesday’s price dropped 1.5% to $388.02
225,742 ARKB shares sold
→ Worth $8.7M
→ From the Next Generation Internet ETF (ARKW)
🧠 Why the Sell-Off?
Ark’s strategy prevents any one asset exceeding 10% of a fund, meaning high-flying holdings get trimmed to maintain diversification.
COIN is now ARKW’s #2 holding at 7.9%
Robinhood (HOOD) remains #1 at 8%
Ark is known for methodically rebalancing when volatility or growth skews portfolio weightings — and both Coinbase and Bitcoin have surged in 2025 🚀.