ARK Invest significantly increased its holdings in Ethereum ecosystem stocks while reducing its other encryption asset holdings.

Investment management company ARK Invest recently adjusted its investment portfolio. According to reliable sources, the company increased its holdings in Ethereum-related company BitMine by 529,366 shares through its ARKK and ARKW funds on Monday, with a total value of approximately 18.6 million dollars.

At the same time, ARK Invest also reduced its holdings in other cryptocurrency-related stocks. The company sold shares of a well-known cryptocurrency exchange worth nearly $7 million, as well as shares of a major fintech company, Block, worth $15 million.

This series of operations shows that ARK Invest is rebalancing its cryptocurrency-related portfolio, increasing exposure to the Ethereum ecosystem while reducing holdings in other cryptocurrency service providers. This may reflect the company's latest judgment on the future development prospects of different crypto assets and related enterprises.

Investors are closely watching the movements of this well-known investment firm in hopes of gaining insight into the changing attitudes of institutional investors towards the cryptocurrency industry. ARK Invest's investment decisions are often seen as one of the barometers of industry trends.