Key Takeaways
- • Ark Invest sold 68,997 shares of Block (XYZ) worth $6.1 million and 49,767 Bullish (BLSH) shares worth $1.1 million on Monday, according to the firm's latest trading disclosure.
- • Ark sold $1.6 million of its own Ark 21Shares Bitcoin ETF (ARKB), which recorded $9.9 million in net outflows that day amid $201.1 million in total net outflows across U.S. spot bitcoin ETFs.
- • Ark bought $6.8 million of SoFi Technologies shares and $16.2 million of Nvidia shares on the same day.
- • Nvidia fell 4.27% to $178.67 after disclosing that its board is investigating CEO Jensen Huang's relationship with a woman reportedly identified by intelligence officials as a Chinese spy.
Summary
Ark Invest, the firm led by Cathie Wood, sold additional shares of Block, Bullish, and its own bitcoin exchange-traded fund on Monday while adding to its positions in SoFi Technologies and Nvidia, according to the firm's latest trading disclosure. The firm sold 68,997 shares of Block, worth $6.1 million, and 49,767 Bullish shares, worth $1.1 million. Block's stock rose 3.6% to close at $88.56, while Bullish gained 7% to $22.80.
Ark also offloaded $1.6 million of shares in the Ark 21Shares Bitcoin ETF (ARKB). The fund, which had $2.15 billion in net assets, recorded $9.9 million in net outflows on Monday, contributing to $201.1 million in total net outflows across U.S. spot bitcoin ETFs.
On the buying side, Ark purchased $6.8 million of SoFi Technologies shares and $16.2 million of Nvidia shares. SoFi closed up 3.33% at $16.75. The fintech company reported 503,000 crypto products at the end of September and said its gross crypto transaction revenue rose 20% quarter over quarter to $161.6 million. Last month, SoFi launched SoFi Earn, an interest-bearing tokenized deposit, which it said was the first time a U.S. national bank has offered tokenized deposits to individual clients.
Nvidia fell 4.27% to $178.67 after the company said its board is investigating CEO Jensen Huang's relationship with a woman reportedly identified by intelligence officials as a Chinese spy. The probe followed a New York Times report that a memo circulated among top U.S. policymakers last spring alleged that Alice Huang, a Chinese businesswoman, was recruited by China's Ministry of State Security to gather intelligence on the Nvidia founder.
Ark regularly rebalances its ETF weightings to keep individual stock holdings below 10% of a fund's portfolio, meaning position sizes are adjusted as asset prices fluctuate.
Ark also offloaded $1.6 million of shares in the Ark 21Shares Bitcoin ETF (ARKB). The fund, which had $2.15 billion in net assets, recorded $9.9 million in net outflows on Monday, contributing to $201.1 million in total net outflows across U.S. spot bitcoin ETFs.
On the buying side, Ark purchased $6.8 million of SoFi Technologies shares and $16.2 million of Nvidia shares. SoFi closed up 3.33% at $16.75. The fintech company reported 503,000 crypto products at the end of September and said its gross crypto transaction revenue rose 20% quarter over quarter to $161.6 million. Last month, SoFi launched SoFi Earn, an interest-bearing tokenized deposit, which it said was the first time a U.S. national bank has offered tokenized deposits to individual clients.
Nvidia fell 4.27% to $178.67 after the company said its board is investigating CEO Jensen Huang's relationship with a woman reportedly identified by intelligence officials as a Chinese spy. The probe followed a New York Times report that a memo circulated among top U.S. policymakers last spring alleged that Alice Huang, a Chinese businesswoman, was recruited by China's Ministry of State Security to gather intelligence on the Nvidia founder.
Ark regularly rebalances its ETF weightings to keep individual stock holdings below 10% of a fund's portfolio, meaning position sizes are adjusted as asset prices fluctuate.
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