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The sell-off came ahead of the CLARITY Act vote in the Senate on Tuesday.
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The ARKB sales represented approximately 1.53% of the respective funds’ holdings.
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Circle accounted for 113,369 shares sold in ARKK and another 28,981 shares sold in ARKW.
Cathie Wood’s ARK Invest sold across nearly every crypto-linked holding in its portfolio on Monday, marking one of the broadest crypto-adjacent selling days across its funds this year.
The most notable moves came in ARK’s own ARK 21Shares Bitcoin ETF (ARKB), with the firm trimming more than 1 million shares through the ARK Next Generation Internet ETF (ARKW) and another 466,133 shares through the ARK Fintech Innovation ETF (ARKF).
