Cathie Wood's Ark Invest sells $7.8 million of its own spot Bitcoin ETF
Quick Take
- Ark Invest offloaded 118,209 ARKB spot Bitcoin ETF shares on Wednesday, worth $7.76 million, as the investment firm rebalanced its fund weightings.
- It’s the first time Ark has sold shares in ARKB since the spot Bitcoin ETF launched in January.
Ark Invest sold 118,209 shares of its ARKB spot Bitcoin exchange-traded fund, worth $7.76 million, from its Next Generation Internet ETF (ARKW) on Wednesday.
This is the first time the Cathie Wood-led investment firm has sold shares in the Ark Invest and 21Shares-issued ARKB since the spot Bitcoin ETFs launched in January.
Ark’s investment strategy aims to let no individual holding take up more than 10% of an ETF’s portfolio. This is to maintain diversification within its funds — meaning it is likely to continue rebalancing its weightings if ARKB rises relative to Ark's other holdings in the fund.
According to the firm’s latest disclosures, ARKB is the largest holding within its ARKW ETF, with a weighting of 10.98% as of July 24, ahead of Tesla, Roku and Coinbase shares on 9.5%, 8.48% and 8.23%, respectively.
ARKW’s ARKB holdings have a market value of $162.5 million, with the spot Bitcoin ETF up around 31% since inception. Overall, ARKW’s fund has gained 33% over the past year.
ARKB traded for $65.62 at market close on Wednesday, flat for the day with a gain of 0.17%. Bitcoin fell nearly 1% yesterday, according to The Block’s bitcoin price page and is currently trading for $64,491.
ARKB/USD price chart. Image: TradingView.
Last week, Ark sold a substantial amount of Coinbase shares from the same ARKW fund, worth $4.3 million, for the first time since May. It also scooped up $3.5 million worth of CrowdStrike shares on the same day amid the global Microsoft IT outage linked to the cybersecurity firm.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
