Yeliz Akmaca 
Cathie Wood’s Ark Invest, managing 12 ETFs, made significant portfolio adjustments. The firm reduced some positions while increasing others across its funds. Notably, it sold 559.85 BTC from ARKB (ARK 21Shares Bitcoin ETF), worth approximately $64.4 million. This move drew mixed reactions in the crypto community. Some considered it a routine fund rebalancing. On the other hand, others criticized or mocked the sale.
CoinGlass data also shows broader ETF sell-offs coinciding with Bitcoin’s recent price slump. ARKB shares reacted negatively, dropping 2.79% in a single day. This decline aligns with the cryptocurrency’s downward trend. However, Ark Invest did not only sell assets; it also executed strategic purchases.
ARKK Makes Large Buys in Bullish and Robinhood
ARKK (ARK Innovation ETF) acquired 356,346 shares of Bullish at an estimated $21.2 million. Additionally, it bought 150,908 shares of Robinhood Markets, totaling around $16.2 million.
These purchases follow last week’s acquisition of 2.53 million Bullish shares, valued at roughly $172 million after the exchange debuted on the NYSE. Robinhood stock also saw previous buying sessions totaling $23 million.
ARKK shares, however, fell 3.99% in a single day. The decline mirrors broader market uncertainty ahead of the Federal Reserve’s speech at the Jackson Hole symposium, which could influence market trends for weeks.
These moves show Ark Invest actively rebalancing its portfolio amid market volatility. Both crypto and tech positions highlight the firm’s strategic approach to navigating corrections and opportunity in the market.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.