Cathie Wooden’s Ark Make investments offered $6.5 million price of Coinbase International shares and $5.8 million of Robinhood shares on Thursday, at the same time as each shares rose alongside bitcoin’s latest surge.
Key Takeaways:
- Ark Make investments offered $6.5 million of Coinbase and $5.8 million of Robinhood shares regardless of each shares rising.
- Coinbase and Robinhood shares rallied alongside bitcoin reaching a brand new excessive above $118,000.
- Robinhood faces regulatory scrutiny within the US amid plans to launch blockchain-based inventory tokens in Europe.
Based on Ark Innovation ETF (ARKK) filings, the fund offloaded 16,627 Coinbase shares and 58,504 Robinhood shares. It additionally offered roughly $1.7 million in Block Inc. inventory.
Coinbase’s inventory climbed 4% to shut at $388.96, whereas Robinhood gained 4.4%, ending at $98.70. Block’s shares slipped 0.36% to $68.76.
Coinbase and Robinhood Shares Rise as Bitcoin Hits $118K
The rally in Coinbase and Robinhood shares got here amid bitcoin reaching new all-time highs, hitting $118,080 early Friday — up 6.4% in 24 hours. Ethereum additionally jumped 8.5% to $3,011.
Coinbase just lately introduced a partnership with Perplexity AI, an AI-driven search engine, to launch a real-time crypto knowledge service.
The transfer represents a rising pattern of collaboration between blockchain corporations and synthetic intelligence corporations.
In the meantime, Robinhood is engaged in discussions with European regulators concerning its tokenization initiative, which goals to supply blockchain-based inventory tokens.
BREAKING:
Ark Make investments simply trimmed its crypto-related holdings!
Are they taking income or rebalancing?— Chenna kesavan (@kesavantcm) July 11, 2025
Nonetheless, Robinhood faces scrutiny within the U.S., as Florida’s legal professional normal opened an investigation into the corporate’s crypto division over claims it marketed itself because the “least costly strategy to buy crypto.”
To this point, ARK is the one main Circle investor to considerably cut back publicity post-IPO.
As reported, ARK Make investments begun cashing in on its stake in stablecoin issuer Circle simply 11 days after the corporate’s debut on the New York Inventory Alternate.
The agency offered 342,658 shares of Circle (CRCL) on June 16 and one other $44.7 million price on June 17, in accordance with commerce disclosures.
Different backers, together with BlackRock, reportedly eyeing a ten% stake within the firm, haven’t disclosed any gross sales.
Executives at Circle, nevertheless, have offered parts of their holdings. CEO Jeremy Allaire, co-founder Sean Neville, and CFO Jeremy Fox-Geen have been listed within the prospectus as planning to promote 8%, 11%, and 11% of their holdings, respectively.
Bitcoin and Ethereum ETFs Drive Report Inflows
Bitcoin spot ETFs recorded their second-largest every day influx of $1.18 billion on July 10, driving Bitcoin’s value to a brand new excessive of $116,664 earlier than briefly surpassing $118,450.
The cumulative internet inflows into Bitcoin spot ETFs have now exceeded $51 billion, underscoring sturdy and sustained institutional demand.
Seven out of 12 Bitcoin funds reported internet inflows on the identical day, with BlackRock’s IBIT main at $448.49 million and Constancy’s FBTC following carefully with $324.34 million.
Ethereum spot ETFs additionally posted important inflows, totaling $383 million, marking their second-highest every day document. Ether ETFs have accrued $5.10 billion in whole internet inflows thus far. E
Crypto analyst Rachael Lucas described this pattern as a “defining second” within the institutional adoption of each Bitcoin and Ethereum.
She emphasised that the inflow of capital is pushed by asset managers, company treasuries, and wealth platforms, not retail hypothesis, signaling a extra mature and sustained section of crypto funding.
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