According to CoinMeta, ARK Invest announced an investment of approximately $43.5 million in Coinbase and Circle, while reducing its holdings in Bitmine, Bullish, and Block. This round of investment is seen as a rebalancing of the portfolio, rather than a withdrawal. ARK Invest currently manages assets worth over $16 billion, and its publicly traded stock ARKK has a market value of over $38 billion. At the time of this announcement, the total market value of the crypto market rose by 0.5%, reaching $2.29 trillion, with daily trading volume increasing from $56 billion to $59.1 billion. ARK purchased 122,544 shares of Coinbase worth about $18.6 million, as well as 169,777 shares of Circle worth about $12.9 million, within the past three days.