Cathie Wood's ARK Invest has sold $59 million worth of Tesla shares, unloading 124,867 shares across multiple ETFs. The sale comes as part of latest trading activity, reducing exposure to the electric vehicle maker at a time when delivery metrics remain under scrutiny.
At the same time, ARK Invest redirected the capital into cryptocurrency‑linked stocks, purchasing more than $50 million in equities tied to Circle, Coinbase, and BitMine. The move shifts funds directly from Tesla into blockchain and crypto infrastructure, currently ARK’s active investments are in digital asset markets amid heightened volatility.
#cryptonews #ARKInvest #CathieWood
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