Ark Invest significantly reduced its exposure to technology and Bitcoin.

PANews reported on March 27th that, according to Decrypt , Cathie Wood 's Ark Invest significantly reduced its holdings of US tech stocks and Bitcoin-related assets on Thursday, selling approximately $ 41 million worth of Meta shares and over $ 26 million worth of Nvidia shares, as well as approximately $ 7.5 million worth of Alphabet and approximately $ 25 million worth of AMD shares. Simultaneously, Ark also sold approximately $ 11 million worth of its own Bitcoin spot ETF ( ARKB ), approximately $ 6.5 million worth of shares in the crypto trading platform Bullish , and nearly $ 5 million worth of shares in Jack Dorsey 's Block . The report points out that this round of operations occurred against the backdrop of escalating uncertainty surrounding the situation in Iran and a continued correction in tech stocks and crypto assets. Ark currently holds only approximately $ 100 million worth of ARKB , making it the 35th largest holding among its actively managed ETFs .