Ark Invest sold $6.1 million worth of Block shares on Monday, November 9, trimmed its Bullish and in-house ARKB holdings, and bought $16.2 million worth of Nvidia and $6.8 million worth of SoFi. Selling crypto-related stocks and buying AI—the direction seems clear.
The amounts don’t really support a “pivot”: $6.1 million versus $16.2 million, a difference of more than half. Ark regularly rebalances to keep any single holding below a 10% cap, so one day of trading doesn’t indicate a strategy shift. Block rose 3.6% to close at $88.56 that day, while Bullish gained 7%—Ark sold stocks that were up.
ARKB is more worth watching: Ark trimmed its position by $1.6 million on Monday, while the fund saw net outflows of $9.9 million. Spot Bitcoin ETFs across the market saw net outflows of $201.1 million that day. Whether those outflows were limited to one day or continued for several days is more worth monitoring than the stock-side rebalancing.
#ArkInvest #比特币ETF #Institutional Moves
The amounts don’t really support a “pivot”: $6.1 million versus $16.2 million, a difference of more than half. Ark regularly rebalances to keep any single holding below a 10% cap, so one day of trading doesn’t indicate a strategy shift. Block rose 3.6% to close at $88.56 that day, while Bullish gained 7%—Ark sold stocks that were up.
ARKB is more worth watching: Ark trimmed its position by $1.6 million on Monday, while the fund saw net outflows of $9.9 million. Spot Bitcoin ETFs across the market saw net outflows of $201.1 million that day. Whether those outflows were limited to one day or continued for several days is more worth monitoring than the stock-side rebalancing.
#ArkInvest #比特币ETF #Institutional Moves