- 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 valued at approximately $1.13 million. Bullish stock rose by 7% to $22.80 that day. ARK also sold 68,997 Block shares for roughly $6.1 million as Block gained 3.6% to close at $88.56.
ARKB had $2.15 billion in net assets and recorded $9.9 million in net outflows on Nov. 9. U.S. spot Bitcoin ETFs together saw $201.1 million leave their funds that day. The weekly total reached $1.28 billion, led by $1.21 billion in outflows from BlackRock’s IBIT.
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SoFi Buys Complicate the Portfolio-Risk Question
On the other hand, ARK purchased $6.8 million in SoFi Technology shares and $16.2 million in Nvidia shares. SoFi shares closed 3.33% higher at $16.75. The company reported 503,000 crypto products at the end of September, while gross crypto transaction revenue rose 20% quarter over quarter to $161.6 million. It launched SoFi Earn, an interest-bearing tokenized deposit, in October.
Nvidia fell by 4.27% to $178.67 on Monday. Its board was investigating CEO Jensen Huang’s relationship with a woman reportedly identified by intelligence officials as a Chinese spy. The New York Times reported that a memo alleged Alice Huang had been recruited by China’s Ministry of State Security to gather intelligence on the Nvidia founder.
What ARK’s Latest Trades Reveal About Its Portfolio
ARK regularly rebalances ETF allocations to keep individual stock holdings below 10% of a fund’s portfolio. Crypto-linked equities accounted for roughly 18% to 29% of the portfolios of the flagship funds ARKK, ARKW, and ARKF.
The latest trades show adjustments across its crypto and technology exposure, with sales of ARKB, Bullish, and Block alongside purchases of SoFi and Nvidia. However, the transactions alone do not establish whether ARK was taking profits, reducing risk, or responding to changing market conditions.
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Related: Cathie Wood’s Ark Invest Buys More Circle Despite Growing Scrutiny
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