Overview
- ARK Invest’s ARKK and ARKW funds spent $35.9 million to acquire over 115,000 Tesla shares at roughly $310 each.
- The ARK Space Exploration & Innovation ETF added 2,999 Nvidia shares valued at $511,929 following recent chip export easing.
- ARK’s Next Generation Internet fund sold 34,207 Coinbase shares to realize $13.3 million in profits after COIN topped a $100 billion market cap.
- The same ARKW fund offloaded 225,742 shares of its Bitcoin ETF for $8.7 million after Bitcoin hit an all-time high of $123,091.61.
- Market observers say the trades reflect a strategy of capturing momentum and reducing risk ahead of the U.S. consumer price index release.