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BREAKING: ARK Invest Sells $90 Million in Technology and Bitcoin ETFs
ARK Invest executed one of its largest liquidations in recent months.
The firm, led by Cathie Wood, sold positions in Meta, Nvidia, AMD, and its own Bitcoin ETF, ARKB, for a total of $90 million.
The largest single sale was in Meta Platforms (META), where three ARK funds (ARKF, ARKK, and ARKW) sold 76,622 shares for over $41 million at a closing price of $547.54.