According to Mars Finance, Ark Invest, owned by Casey Wood, has been massively selling off tech stocks and crypto assets, including approximately $41 million worth of Meta shares, $26 million worth of Nvidia shares, and reducing its holdings in its own Bitcoin spot ETF (ARKB) by approximately $11 million, crypto exchage Bullish by $6.5 million, and Block by nearly $5 million.
Ark Invest significantly reduced its holdings of technology stocks and Bitcoin ETFs, exacerbating downward pressure on the market.
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