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Cathie Wood dumps $65 million in crypto ahead of CLARITY vote

Cathie Wood dumps $65 million in crypto ahead of CLARITY vote

Veteran investor Cathie Wood dumped $65 million worth of crypto stocks and funds on Sep. 14, a day ahead of the crucial cloture vote on the Digital Asset Market Clarity Act.

Wood’s firm ARK Invest trimmed its stake in Coinbase Global (Nasdaq: COIN), Circle Internet Group (NYSE: CRCL), Bitmine Immersion Technologies (NYSE: BMNR), Bullish (NYSE: BLSH), and ARK 21Shares Bitcoin ETF (CBOE: ARKB).

Related: Cathie Wood spots key ratio signaling Bitcoin breakout

Wood’s ARK trims stake in its own Bitcoin ETF by $40 million

ARK Invest sold 36,628 Coinbase shares worth approximately $7 million as the top U.S. crypto exchange’s stock surged 9% to close at $191.45 yesterday.

The firm also…

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