ARK Invest trims BitMine and buys crypto stocks

• ARK Invest sold shares in BitMine Immersion Technologies while increasing its holdings in Coinbase and Circle.
• The portfolio changes followed a strong rally in BitMine shares after the company's Ethereum treasury strategy.
• The trades reflect ARK's continued adjustments across its cryptocurrency investment portfolio.

ARK Invest sold part of its holding in BitMine Immersion Technologies while buying additional shares in Coinbase Global and Circle Internet Group.

The portfolio changes came after BitMine's share price surged following its move to build an Ethereum (CRYPTO:ETH) treasury.

ARK Invest also added to its positions in Coinbase and Circle, two companies with significant exposure to the cryptocurrency market.

The asset manager regularly adjusts its exchange-traded fund portfolios to reflect market movements and investment opportunities.

Coinbase operates one of the world's largest cryptocurrency exchanges, while Circle issues the USDC stablecoin.

The latest trades show ARK Invest continues to rebalance its cryptocurrency-related holdings as market conditions and company valuations change.

At the time of reporting, Ethereum price was $1,900.55.