Key Takeaways:
Ark Invest, the investment firm led by CEO Cathie Wood, has reduced its exposure to crypto-related equities, selling over $2.5 million worth of shares in Circle Internet Group (NYSE:CRCL) and Bullish (NYSE:BLSH) on April 17, 2026, amid a revision of Wood's long-term Bitcoin forecast.
"According to Ark Invest tracking data shared on X on Apr. 17, the firm's ARKW fund sold approximately 11,465 shares of Circle Internet Group (NYSE:CRCL), valued at about $1.21 million, and 31,417 shares of Bullish (NYSE:BLSH), worth roughly $1.36 million," the data revealed.
The sale of 11,465 Circle shares netted about $1.21 million, while the 31,417 Bullish shares were sold for approximately $1.36 million. These transactions reduce Ark's once-bullish positions in the two crypto-focused companies.
This move by a prominent crypto bull could dampen investor sentiment towards Bitcoin (CRYPTO: BTC) and related crypto-equities. The sales, coupled with a more conservative Bitcoin price target from Wood, may be perceived by other investors as a signal to de-risk, potentially leading to broader selling pressure in the crypto market.
This article is for informational purposes only and does not constitute investment advice.
