ARKK Sells Coinbase, Robinhood & Block in Crypto Rally
ARKK ETF executed a strategic rebalance this week, offloading 16,627 Coinbase shares (~$6.5 M), 58,504 Robinhood shares (~$5.8 M) and 24,780 Block Inc. shares (~$1.7 M). The move followed Bitcoin’s all-time high near $118,371 and Ethereum’s surge above $3,000, even as Coinbase and Robinhood stocks rose over 4% post-sale. This sale complements a $51.8 M Circle share reduction three weeks earlier and underscores profit-taking amid heightened crypto volatility and ETF flows. Meanwhile, Coinbase launched a real-time data service with Perplexity AI, and Robinhood explored equity tokenisation with EU regulators. Traders should view these adjustments as indicators of cautious institutional positioning during the ongoing crypto rally.
Neutral
ARKK ETF’s share sales reflect profit-taking by Ark Invest amid a strong Bitcoin and Ethereum rally, signaling cautious institutional positioning. While the disposals of Coinbase, Robinhood and Block shares may slightly temper equity demand, the sustained surge in crypto prices indicates continued momentum. Traders can expect minimal direct impact on Bitcoin and Ethereum prices, making this development largely neutral for both short-term and long-term market trends.