According to The Block, Cathie Wood’s Ark Invest sold several crypto-related stocks from its ARKK ETF on Wednesday amid falling share prices, including 120,665 shares of Bitmine (approximately $2 million), 13,403 shares of Block Inc. (approximately $1.1 million), 12,561 shares of Robinhood (approximately $1.1 million), and 11,314 shares of Bullish (approximately $247,000). Meanwhile, Ark purchased approximately 128,932 shares of SpaceX across multiple ETFs, valued at around $14.5 million.
Ark Invest sells crypto-related stocks and buys $14.5 million worth of SpaceX shares.
TechFlowShare
Summary
On Wednesday, Ark Invest adjusted its portfolio by selling crypto-related holdings in the ARKK ETF, including Bitmine (120,665 shares, ~$2 million), Block Inc. (13,403 shares, ~$1.1 million), Robinhood (12,561 shares, ~$1.1 million), and Bullish (11,314 shares, ~$247,000). The firm redirected capital toward value investing in crypto by allocating $14.5 million to purchase 128,932 shares of SpaceX across its ETFs, signaling a strategic shift in its crypto investment approach.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.