According to @OnchainDataNerd, Cathie Wood's Ark Invest is actively rebalancing its ETF portfolios by taking profits on significant crypto-related stock holdings. The firm sold 415,855 shares of Circle, the operator of the USDC stablecoin, for approximately $109.6 million, continuing its profit-taking after the stock's 7.5x surge post-IPO. Additionally, Ark offloaded nearly $95 million worth of Coinbase (COIN) shares over the last three trading days as the stock hit a record high above $380, a move dictated by its internal rule to keep any single holding below 10% of an ETF's total value. Concurrently, Ark Invest diversified its holdings by purchasing 319,640 shares of Robinhood (HOOD) for $24.4 million and making a smaller tactical purchase of 4,198 Coinbase (COIN) shares for $1.3 million, signaling strategic reallocation rather than a complete bearish turn on the crypto exchange.