Cathie Wood's Ark Invest massively sells off tech stocks and Bitcoin ETFs

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2026-03-27 23:59:53

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Gold Finance reported that on March 28, Ark Invest sold approximately $41 million worth of Meta stock and over $26 million worth of Nvidia stock on Thursday. Additionally, the firm sold about $11 million of its own Bitcoin ETF (ARKB) shares, around $6.5 million of cryptocurrency exchange Bullish stock, and nearly $5 million of Block stock, a company owned by Jack Dorsey. Ark Invest also reduced its holdings by about $2.5 million in Alphabet stock and approximately $7.5 million in AMD stock.
Meta’s stock price has dropped over 17% in the past month to around $531, with a decline of about 10% in the past week after the platform lost two lawsuits related to social media addiction. Nvidia has fallen about 5% in the past month, while facing a class-action lawsuit regarding discrepancies in cryptocurrency mining revenue. Bitcoin has decreased by approximately 4.8% in the past 24 hours to around $66,020, briefly dipping below $66,000, marking its lowest level since March 2.
After the sell-off, Ark Invest holds about $100 million in ARKB, making it the 35th largest position in its actively managed ETF. Cathie Wood had previously predicted that Bitcoin could reach $1.2 million per coin by 2030.

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