Market dynamics on August 2 revealed that the globally renowned investment firm Ark Invest has recently adopted a substantial strategy of stock reduction in its trading activities. Specifically, the ARKW fund under the Ark Invest umbrella sold approximately $7.5 million worth of spot Bitcoin ETF (ARKB) on August 1, alongside disposing of roughly 31,517 shares of Coinbase. Concurrently, the ARKF fund reduced its holdings by about 37,552 shares of Coinbase, totaling an amount of around $14.6868 million. Additionally, the ARKK fund sold approximately 282,435 shares of Robinhood on the same day, amounting to about $5.7165 million. These actions indicate that despite significant market volatility, Ark Invest has adjusted its investment strategies for certain tech stocks.