Cathie Wood Dumps $60 Million in Crypto Stocks Days Before SEC's Game-Changing Exemption

ARK Invest unloaded tens of millions in crypto equities right before a landmark SEC ruling sent Coinbase surging again, raising a question every trader in the space should sit with: did Wood get out too early, or just in time?

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Cathie Wood’s ARK Invest trimmed roughly $60 million of crypto-linked equities into a regulatory-driven rip that took Coinbase (NASDAQ:COIN | COIN Price Prediction) sharply higher last week.

The sales spanned Circle, Coinbase, Bitmine and Bullish, plus a large slug of ARK’s spot bitcoin ETF, with roughly $4 million in Bitmine and about $700,000 in Bullish. Days later, the SEC unveiled an Innovation Exemption that lets platforms trade tokenized U.S. equities without full exchange registration, and Coinbase jumped again.

Barron’s flagged the surprise strength in a piece headlined “Bitcoin, Strategy Stock, Coinbase Surge. Why Cryptos Are Rallying Against All Odds.” The tension is whether Wood cashed out into euphoria or read the shift early. Coinbase closed at $194.25 on September 18, up 10.84% on the week and 21.25% on the month, but still down 43.39% over the past year. That split, a hot week inside a cold trend, is the whole argument.