ARK Invest Sells Bitcoin ETF and Bullish Shares, Buys Nvidia 

• ARK sold $1.59M in ARKB and $1.13M in Bullish as spot Bitcoin ETFs saw $201.1M in outflows.
• It also sold $6.1M in Block and bought $6.8M in SoFi and $16.2M in Nvidia shares.
• Crypto-linked equities made up 18%–29% of ARKK, ARKW and ARKF portfolios.

Cathie Wood’s ARK Invest sold about $1.6 million in ARK 21Shares Bitcoin ETF shares and $1.1 million in Bullish stock, while also selling Block shares and buying SoFi Technologies and Nvidia. The trades paired a reduction in holdings in a spot Bitcoin fund and a crypto exchange operator with purchases elsewhere in ARK’s portfolio.

Following the move, they raise questions about whether the firm was reducing related risks, adjusting position sizes or taking profits.

Bitcoin ETF Outflows Put ARKB Sale in Context

ARK sold 64,295 ARKB shares, worth about $1.59 million at Monday’s close, and 49,767 Bullish shares …

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