Cathie Wood’s ARK Invest experienced significant outflows after attracting billions in inflows earlier. The ARK 21Shares Bitcoin ETF (ARKB) saw $75 million leave despite prior gains. Experts suggest institutional activity and “heartbeat trades” may be contributing factors to the outflows.

ARK’s ARKK and ARKW flagship funds lost billions in assets, while total bitcoin ETF outflows surpassed $1 billion industrywide. Rapid sell-offs may be due to institutional investors shaking out weak hands, manipulating the market. Longtime bitcoin investors are selling to buy back in, leading to recent outflows for ARK’s products.

Despite recent outflows, expert Tyrone Ross Jr. believes that Bitcoin’s market dynamics are unlikely to be significantly influenced. With the crypto space valued at $4 trillion, the recent outflows are seen as a minor blip in the larger capital markets. Institutional activity and “heartbeat trades” may contribute to ARK’s recent volatility.

Read more at Yahoo Finance: ARK’s Recent Highs Led to Massive Outflows. Are Institutional Investors to Blame?