ARK reshuffles portfolio amid crypto market pressure
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While increasing its exposure to crypto-related stocks, ARK Invest trimmed positions elsewhere in its portfolio as market volatility continued to weigh on performance.
On Friday, the firm sold 12,400 shares of Meta Platforms, reducing its position by roughly $8.03 million, according to daily trade disclosures. The move came alongside fresh purchases of Coinbase, Circle and Bullish, signaling a continued focus on digital asset infrastructure despite recent market weakness.
Crypto-linked equities have been under pressure as trading volumes declined and investor sentiment cooled following recent liquidation events. Coinbase shares, in particular, have fallen more sharply than Bitcoin and Ether in recent months, reflecting reduced spot trading activity on centralized exchanges.
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lol cathie wood really out here buying the dip again, can’t tell if she’s fearless or just likes the chaos