Ark Invest, led by Cathie Wood, divested $6.5 million in Coinbase Global shares and $5.8 million in Robinhood shares on Thursday, despite a simultaneous rise in both stocks alongside a surge in bitcoin’s value.
Key Takeaways:
Ark Invest’s recent sales totaled $6.5 million in Coinbase and $5.8 million in Robinhood shares, even as both companies saw their stocks increase. The Bitcoin market reached new heights, pushing Coinbase and Robinhood stocks up as bitcoin prices surpassed $118,000. Meanwhile, Robinhood is under regulatory scrutiny in the United States, particularly concerning its plans to introduce blockchain-based stock tokens in Europe.
As reported in filings for the Ark Innovation ETF (ARKK), the fund sold 16,627 shares of Coinbase and 58,504 shares of Robinhood, as well as around $1.7 million worth of Block Inc. stock.
Coinbase’s stock saw a 4% increase, closing at $388.96, and Robinhood experienced a 4.4% boost, ending at $98.70. Conversely, shares of Block slipped 0.36% to settle at $68.76.
Coinbase and Robinhood Experience Growth as Bitcoin Peaks at $118K
The uptick in Coinbase and Robinhood stocks coincided with bitcoin achieving an all-time high of $118,080 early Friday—a remarkable 6.4% increase within a single day. Ethereum also saw an 8.5% rise, reaching $3,011.
In a noteworthy development, Coinbase recently unveiled a partnership with Perplexity AI, an artificial intelligence search engine, to provide a real-time cryptocurrency data service. This collaboration reflects an increasing trend of synergy between blockchain companies and AI-focused firms.
Robinhood is currently in discussions with European regulators concerning its plans for tokenization, which aims to introduce blockchain-based stock tokens to the market.
BREAKING:
Ark Invest just trimmed its crypto-related holdings!
Amidst a booming crypto market, Cathie Wood’s firm sold $6.5M in Coinbase ($COIN) & $5.8M in Robinhood ($HOOD) shares.
Are they taking profits or rebalancing?
— Chenna kesavan (@kesavantcm) July 11, 2025
However, Robinhood is facing scrutiny in the U.S., with Florida’s attorney general launching an investigation into the company’s cryptocurrency operations over allegations of it presenting itself as the “least expensive way to purchase crypto.”
To date, Ark Invest stands out as the only major investor to notably reduce its stake in stablecoin issuer Circle since the company went public. Reports indicated that ARK began liquidating its investment just 11 days following Circle’s debut on the New York Stock Exchange. On June 16, ARK offloaded 342,658 shares of Circle (CRCL) and followed up with an additional $44.7 million in shares on June 17.
Other significant investors, including BlackRock, have not reported any sales of their stakes, while some executives at Circle, including CEO Jeremy Allaire, co-founder Sean Neville, and CFO Jeremy Finance Newso-Geen, have expressed intentions to sell portions of their holdings.
Bitcoin and Ethereum ETFs Attract Record Inflows
Bitcoin spot ETFs recorded their second-largest daily inflow of $1.18 billion on July 10, contributing to Bitcoin’s ascent to a new high of $116,664, briefly surpassing $118,450.
The cumulative net inflows into Bitcoin spot ETFs have now exceeded $51 billion, showcasing strong institutional demand. On the same day, seven out of twelve Bitcoin funds reported net inflows, with BlackRock’s IBIT leading at $448.49 million, followed closely by Fidelity’s FBTC with $324.34 million.
Ethereum spot ETFs also reflected impressive inflows totaling $383 million, marking their second-highest daily record. Ether ETFs have now accumulated a total of $5.10 billion in net inflows.
Crypto analyst Rachael Lucas characterized this trend as a critical milestone in the institutional adoption of both Bitcoin and Ethereum. She noted that the current influx of capital is driven not by retail speculation but by asset managers, corporate treasuries, and wealth platforms, indicating a maturation in the cryptocurrency investment landscape.
The post Cathie Wood’s Ark Invest Sells $6.5M Coinbase and $5.8M Robinhood Amid Bitcoin Rally appeared first on Finance Newso.
