Cathie Wood's Ark Invest has adjusted its digital asset portfolio, selling shares of Bitmine while increasing its positions in Coinbase and Circle, according to a report by Decrypt.

The moves reflect ongoing portfolio rebalancing by the investment management firm, which has been an active participant in crypto-related equities. Ark Invest, known for its exchange-traded funds focused on disruptive innovation, publishes its daily portfolio trades, providing visibility into its shifting allocations across the digital asset sector.

Ark Invest has historically maintained significant positions in Coinbase, one of the largest U.S. cryptocurrency exchanges. Coinbase has featured prominently in Ark's ARK Innovation ETF (ARKK), which has attracted both inflows and scrutiny amid its concentrated bets on high-growth technology companies.

Circle, the company behind the USDC stablecoin, has also attracted Ark Invest's interest as the firm expanded its exposure to companies operating in the digital asset and stablecoin infrastructure space. USDC ranks among the top stablecoins by market capitalization, and Circle has been advancing plans for a public listing, reflecting growing investor appetite for regulated digital asset infrastructure providers.

The reduction in Bitmine holdings marks a shift away from that particular position, though the specific rationale behind the trades was not detailed in the report. The adjustments come as institutions continue calibrating their crypto-equity exposures amid evolving U.S. regulatory and market conditions.

Source: Decrypt