Ark Invest trims crypto, boosts tech and fintech
4.2 Investments Ark Invest sold Block, Bullish, and its bitcoin ETF shares, while buying Nvidia and SoFi, reducing crypto exposure and boosting tech and fintech holdings.
Ark Invest recently adjusted its portfolio by selling 68,997 shares of Block for about $6.1 million and 49,767 shares of Bullish for roughly $1.1 million. The firm also trimmed its position in its own bitcoin ETF (ARKB) by $1.6 million, on a day when the fund saw net outflows of $9.9 million, amid $201.1 million in spot bitcoin ETF withdrawals across the U.S. Meanwhile, Ark Invest increased its holdings in Nvidia with a $16.2 million purchase and in SoFi Technologies with a $6.8 million investment. These moves indicate a strategic shift away from crypto-related assets and its own bitcoin ETF, while reinforcing positions in technology and fintech sectors. Notably, the sales of Block and Bullish shares took place during a session when both companies experienced market gains, highlighting Ark's proactive portfolio management.
