Funding
ARK Invest Sells Bitcoin ETF Shares
ARK Invest, the investment firm led by Cathie Wood, has sold shares in the ARK 21Shares Bitcoin ETF (ARKB), representing 1.07% of its portfolio. The firm also reduced positions in SpaceX and Robinhood, while increasing holdings in technology and biotechnology stocks. The sales came as spot Bitcoin ETFs experienced significant net outflows, with $487 million in outflows on October 7 and another $244 million on October 8. On October 9, the funds recorded approximately $21 million in net inflows. ARK Invest's daily trading disclosures provide a snapshot of its trading activity, but these notifications may be incomplete. The firm notes that its updated portfolio holdings offer a more comprehensive view of its investments.