TradingKey – On the day before a key Senate procedural vote on the CLARITY Act, Cathie Wood’s ARK Invest trimmed its holdings amid a broad rally in crypto-concept stocks, selling approximately $65 million of crypto-related positions in a single day.
From its own ARK 21Shares Bitcoin ETF (ARKB) to Coinbase (COIN), Circle (CRCL), BitMine (BMNR), and Bullish (BLSH), it trimmed holdings across almost the entire board.
Crypto Stocks Rally on Eve of Bill Vote
The timing of this share reduction was quite delicate. September 14, Eastern Time, happened to be the final round of maneuvering ahead of the Senate vote on the CLARITY Act (Digital Asset Market Clarity Act). On the Republican side, Cynthia Lummis, chair of the Digital Assets Subcommittee,…
