Ark Invest, led by Cathie Wood, trimmed several crypto-linked positions in its latest trading disclosure, selling 68,997 shares of Jack Dorsey’s Block worth about $6.1 million and 49,767 shares of Bullish worth about $1.1 million. The firm also offloaded roughly $1.6 million of its own ARK 21Shares Bitcoin ETF (ARKB).
The ARKB fund, which held $2.15 billion in net assets, recorded $9.9 million in net outflows on Monday, part of $201.1 million in total net outflows across all U.S. spot bitcoin ETFs. Ark stressed the moves were partial position changes, not full exits, and attributed them to regular ETF rebalancing. Block stock closed 3.6% higher at $88.56, while Bullish gained 7% to $22.80.
On the buy side, Ark added roughly $16.2 million in Nvidia shares and $6.8 million in SoFi Technologies shares. SoFi closed up 3.33% at $16.75 and reported 503,000 crypto products as of September, with gross crypto transaction revenue up 20% quarter over quarter to $161.6 million. Nvidia fell 4.27% to $178.67 amid reports that its board is investigating CEO Jensen Huang’s relationship with a woman reportedly identified by intelligence officials as a Chinese spy.
