TREE NEWS reports: Cathie Wood’s Ark Invest sold $6.1 million worth of Block shares and $1.13 million worth of Bullish shares through its ETFs on Monday. The firm also trimmed its own bitcoin ETF holdings while buying Nvidia and SoFi stock.
Ark Invest sells $6.1M Block, $1.13M Bullish shares, buys Nvidia and SoFi
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AI take
Ark's selling lands on the crypto-adjacent names — Block and the Bullish exchange stake — while the proceeds lean toward Nvidia and SoFi, a tilt that reads more like rotation within the fund's growth thesis than a retreat from digital assets. Trimming its own bitcoin ETF alongside that is the detail worth noting, since it touches the firm's flagship conviction trade rather than a single portfolio company. The open question is whether this is routine rebalancing or the start of a broader shift in how Wood's ETFs weight crypto exposure versus fintech and AI.
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