ARK Invest significantly reduced its holdings yesterday amid a surge in crypto stocks, cashing out nearly $65 million through multiple transactions.

BlockBeats news, September 15th: Cathie Wood's ARK Invest concentrated its selling of multiple assets on Monday of this week amid a broad rally in crypto-related stocks, including:

ARK Invest sold 36,628 shares of Coinbase stock, worth approximately $7 million; reduced its holdings by 142,350 shares of Circle, worth approximately $13.8 million; and also sold 153,881 shares of Bitmine, worth approximately $3.96 million, as well as 18,280 shares of Bullish, worth approximately $688,000.

In addition, ARK Invest also sold approximately 1.529 million shares of the ARK 21Shares Bitcoin ETF (ARKB), valued at approximately $40 million based on that day's closing price. This ARKB reduction was the largest in scale.

ARK Invest continuously adjusts the crypto asset exposure of its funds according to market conditions, and its investment strategy stipulates that a single holding must not exceed 10% of a fund's assets.