đ ARK Invest Rebalances Portfolio: Increases Exposure to Solana and Robinhood
Cathie Woodâs ARK Invest has made new strategic adjustments to its crypto and tech investment portfolio, catching the attention of market watchers.
đ According to recent disclosures, ARK Invest has reduced its position in the ARK 21Shares Bitcoin($BTC ) ETF, selling approximately 31,817 shares worth $2.7 million from the ARKW fund.
đ˘ At the same time, the firm has increased its exposure to:
Robinhood (HOOD), with the purchase of 60,266 shares valued around $2.45 million via the ARKK fund.
Solana ($SOL ), through the acquisition of 500,000 shares of the 3iQ Solana Staking ETF (SOLQ.U) across ARKF and ARKWâtotaling about $5.2 million.
At the time of writing, Bitcoin is trading at $88,400, while Solana sits at around $140.
đ These moves are part of ARK Investâs ongoing strategy to diversify and rebalance its exposure within the evolving digital asset and fintech landscape.