BEARISH 45 The Block 2H ago · 1 min read

Ark buys $5.2M Circle shares, sells $15.9M of its Bitcoin ETF as BTC falls

AI summary

Ark Invest bought $5.2 million of Circle shares while selling $15.9 million of its own Bitcoin ETF as BTC slipped below $80,000. The rebalancing shows the firm rotating some exposure from bitcoin into Circle equity amid the price decline. Traders may read the ETF sale as a sign of caution on BTC near-term, though the amounts are modest relative to Ark's overall book.

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