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Magyar27 Oct 2026
Cathie Wood's Ark Invest bought 65,615 Circle (CRCL) shares worth about $5.2 million on Monday and sold roughly $15.9 million of its own ARK 21Shares Bitcoin ETF (ARKB). The moves came as bitcoin traded near $79,600, about 8.7% below its October high, ahead of Wednesday's Fed decision.
Markets TradeReviewed News Desk
Ark Invest is shifting money inside its funds again. According to The Block, the Cathie Wood-led firm bought 65,615 shares of Circle Internet Group (CRCL), worth about $5.2 million, for its Next Generation Internet ETF (ARKW) on Monday. At the same time it sold about $15.9 million worth of its own spot bitcoin fund, the ARK 21Shares Bitcoin ETF (ARKB), out of two of its funds.
Why Ark is buying Circle and trimming bitcoin exposure
Ark caps any single holding at about 10% of a fund’s portfolio to keep its funds diversified. When one position moves sharply against the rest, the firm rebalances, which is why its daily trade disclosures often show buying into weakness and selling what has held up.
Circle shares fell 7.1% on Monday to close at $79.84, leaving the stock down 1.2% year to date, The Block reported. After the purchase, CRCL is the fifth-largest holding in ARKW with a 4.3% weighting, worth around $67.8 million. Tesla, Meta, Shopify and Amazon make up the rest of the fund’s top five.
ARKB is still a top 10 position in both ARKW and the ARK Blockchain and Fintech Innovation ETF (ARKF), with weightings of 3.7% and 3.8%, worth roughly $58.2 million and $29.1 million. The ETF has taken in about $1.1 billion of net inflows since its January 2024 launch and manages around $2.5 billion, per The Block’s ETF tracker.
Bitcoin stuck below $80,000 before the Fed
Bitcoin traded near $79,625 on Tuesday morning, 8.7% below its October high of about $87,200, with selling pressure building ahead of Wednesday’s Federal Reserve rate decision. Joel Kruger of LMAX Group pointed to Middle East tensions, higher oil prices and uneven institutional demand, plus thin weekend liquidity and leveraged liquidations. He told The Block the drop looks driven more by macro factors than by a change in the long-term case for digital assets.
Options traders are hedging. Nick Forster, CEO of options platform Derive, said $80,000 has become the most actively traded bitcoin strike on the venue, with puts making up 91% of the roughly $32 million traded there over the past week.
What it means for traders
- Read Ark’s flows as rebalancing, not a verdict. Selling ARKB after a pullback is mostly a weighting adjustment under the 10% rule, not a bearish call on bitcoin.
- $80,000 is the level to watch. Heavy put demand at that strike means the area can act as a magnet into the Fed decision, and a clean reclaim or break could move the market quickly.
- Expect volatility around Wednesday. Rate decisions often trigger fast moves and liquidations in leveraged positions, so position size and stop placement matter more than usual.
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This article is for information only and is not financial advice.
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