TLDR
- Ark Invest sold $43.8 million worth of Coinbase shares on June 30, 2025.
- The fund previously sold $12.5 million in Coinbase stock on June 27.
- Ark Invest exited over 410,000 Circle shares since June 24, raising more than $110 million.
- Circle stock has surged nearly 490 percent since its initial public offering.
- Coinbase stock rose 43 percent in June, leading the S&P 500 performance.
Ark Invest made significant exits from key crypto equities last week, suggesting a shift in its growth strategy. The fund sold large stakes in Coinbase and Circle after both stocks recorded strong gains in recent months. With the broader crypto equity market showing signs of slowing, Ark Invest’s timing may indicate a strategic reallocation.
Ark Invest Sells Off Coinbase Stake After June Surge
Ark Invest offloaded approximately $43.8 million worth of Coinbase shares on June 30, following a $12.5 million sale on June 27. The transactions came after Coinbase stock jumped 43% in June, making it the top performer in the S&P 500. Ark Invest likely used the opportunity to capitalize on the price surge.
Coinbase benefited from growing investor interest tied to stablecoin expansion and institutional adoption trends throughout the month. However, as price momentum slowed, Ark Invest reduced exposure, suggesting concern about the rally’s sustainability. Coinbase had rallied sharply during the first half of 2025, but the sell-off may reflect expectations of cooling sentiment.
In 2025, crypto stocks saw a collective rise of 119%, according to 10x Research, marking a breakout year for the sector. Yet Ark Invest’s exit signals caution even as crypto equities dominate short-term returns. With Coinbase facing regulatory uncertainties and valuation risks, Ark Invest appears to be rotating toward more consistent sectors.
Ark Invest Reduces Circle Holdings Amid Analyst Downgrade
Since June 24, Ark Invest has sold over 410,000 Circle shares, raising more than $110 million in multiple transactions. The fund also divested $44.76 million on June 18 and $51.7 million on June 17. These sales followed a sharp rally in Circle’s stock since its IPO.
Circle’s shares rose nearly 490% in 2025, supported by growth in stablecoin transactions and retail partnerships. However, JPMorgan Chase recently downgraded Circle to “underweight,” forecasting a price target of $80 by 2026. The downgrade may have influenced Ark Invest to reduce its exposure quickly.
While Circle maintains strong performance, its valuation has raised concerns among analysts and large shareholders. Ark Invest is prioritizing diversification by reallocating capital into tech stocks like AMD, TSMC, and Shopify. The fund’s actions reflect a calculated shift from high-growth crypto assets to long-term technology bets.
