According to The Block, Ark Invest, led by Cathie Wood, reduced its holdings in several crypto-related stocks on Monday amidst a general rise in the sector. The disclosures revealed that Ark sold 36,628 shares of Coinbase (COIN), amounting to about $7 million based on Monday's closing price of $191.45, with the stock rising 9.24% on that day. Additionally, Ark sold a total of 142,350 shares of Circle (CRCL) through two funds, worth approximately $13.8 million, as Circle's stock increased by 7.53% to $97.42. Furthermore, Ark sold 153,881 shares of Bitmine (BMNR) for about $3.96 million, 18,280 shares of Bullish (BLSH) for approximately $688,000, and 1,528,953 shares of its own ARK 21Shares Bitcoin ETF (ARKB), totaling around $40 million, which was the largest transaction in this round. Ark's adjustments to its crypto holdings are part of routine operations, as its investment rules limit any single holding to no more than 10% of the fund's portfolio. The recent market rally coincides with the reconvening of Congress and increasing expectations for the passage of the Clarity Act this month: Polymarket indicated that the probability of the bill's passage rose to 35% yesterday but fell back to 19% today. The Senate is scheduled to hold a procedural vote on Tuesday at 2:15 PM (Eastern Time), requiring 60 votes.