Cathie Wood's Ark Invest Sells Bitmine While Adding to Coinbase and Circle Holdings
Decrypt·
60-second summary
Cathie Wood's Ark Invest is actively rebalancing its portfolio, selling shares of Bitmine, Robinhood, Bullish, and Block worth approximately $17 million during Wednesday's crypto equities pullback. Meanwhile, the firm is adding to Coinbase and Circle Holdings, indicating a bullish stance on these companies. This move reflects Wood's confidence in the long-term potential of these assets.
Ark Invest sold shares of Bitmine, Robinhood, Bullish, and Block during Wednesday's pullback in crypto equities, while continuing to add to Coinbase and Circle.