Cathie Wood Is Selling Crypto Stocks as Bitcoin Rallies: What Is ARK Invest Seeing?

Cathie Wood has spent years making some of Wall Street’s most aggressive bets on Bitcoin and crypto companies.

However, on September 14, her ARK Invest suddenly unloaded roughly $65 million of crypto exposure: shares of Coinbase, Circle, Bullish and BitMine, along with approximately $40 million of its own ARK 21Shares Bitcoin ETF.

The timing was striking: crypto stocks were rallying on hopes that the CLARITY Act would advance in the Senate. But one day later, the legislation failed its procedural vote and crypto markets plunged. Did Cathie Wood see trouble coming? What Crypto Stocks Did Cathie Wood Sell?

The largest September 14 sale was not technically a stock. ARK sold approximately 1.53 million shares of the ARK 21Shares Bitcoin ETF across ARKW and ARKF, worth around $40 million at the time.