Bitcoin: Ark Invest Lightens Its BTC ETF and Bets on Nvidia and SoFi

A clean sweep in Ark Invest's portfolio. Cathie Wood's firm sold $6.1 million worth of Block shares and $1.1 million of Bullish stocks on Monday. It also offloaded $1.6 million of its own Bitcoin ETF shares. The funds were then redirected to SoFi Technologies and Nvidia, amounting to $6.8 million and $16.2 million respectively.

The two sold stocks, however, finished the session in the green: Block gained 3.6% to $88.56, while Bullish rose 7% to $22.80. This profit-taking was driven more by internal plumbing of Ark's funds than by sudden distrust.

Key Points

• Ark Invest sold 68,997 Block shares and 49,767 Bullish shares during Monday's session.
• The firm also sold $1.6 million worth of ARKB shares, its Bitcoin fund with $2.15 billion in assets.
• SoFi generated $161.6 million in gross revenue from crypto transactions, up 20% quarter-over-quarter.
• Nvidia captured $16.2 million from Ark on the day its board confirmed an investigation into its CEO.

Ark Invest Lightens Block, Bullish, and Its Bitcoin ETF ARKB

Jack Dorsey is the first to feel the impact of the rebalancing. Ark parted with 68,997 Block shares. The payment group swapped its ticker SQ for XYZ on Nasdaq at the beginning of 2025. It has been one of the iconic positions in Cathie Wood's funds for years. On Bullish, 49,767 shares were sold. The exchange platform led by Tom Farley is now priced at $22.80, well below the $37 from its introduction to the New York Stock Exchange in the summer of 2025.

More unexpectedly, Ark also sold $1.6 million worth of shares from its ARK 21Shares Bitcoin ETF (ARKB). The fund had $2.15 billion in assets. It recorded $9.9 million in net outflows just on Monday. In total, withdrawals reached $201.1 million for all American spot Bitcoin ETFs. These shares are housed in ARKW, the firm's Next Generation Internet fund, which uses them as an entry point to BTC. The ARKB ETF price in daily time units. Source: TradingView

These trades follow a house rule. Indeed, Ark trims its positions as soon as a holding approaches 10% of a portfolio. The cut-off applies both to rising and falling prices. The sale of ARKB is therefore part of this capping. In this fund, exposure to Bitcoin remains one of the strongest in the range.

SoFi, $161.6 Million in Crypto Revenue and Tokenized Deposits

The recovered money was immediately redirected to SoFi Technologies, amounting to $6.8 million. The neobank gained 3.33% during the session, reaching $16.75. Its clients held 503,000 crypto products at the end of the third quarter. Furthermore, its gross revenue from crypto transactions surged by 20% quarter-over-quarter, totaling $161.6 million. The published accounts also show a record net revenue of $1.4 billion, along with a net profit of $241 million and raised annual forecasts.

Last month, SoFi launched SoFi Earn, a tokenized interest-bearing deposit. However, caution is advised: this product remains a claim recorded on the bank's balance sheet, not a stablecoin issued by a third party. The institution claims to be the first national bank in the U.S. to offer this type of product to individual clients. It has held a national banking charter since 2022, granted by the Office of the Comptroller of the Currency. This federal regulator oversees U.S. banks.

Nvidia: Ark Buys While the Board Investigates Jensen Huang

The largest check of the day went to Nvidia, for $16.2 million. The stock had just lost 4.27%, closing at $178.67. However, the chipmaker confirmed an investigation by its board of directors into Jensen Huang. It concerns his ties to a woman whom U.S. intelligence officials would identify as a Chinese spy.

The New York Times revealed last week the existence of a note circulated in the spring among the highest officials in Washington. According to this document, the Chinese businesswoman Alice Huang was reportedly recruited by the Chinese Ministry of State Security. Her mission: to collect information on Nvidia's founder. Jensen Huang remains at the helm of the group.

Cathie Wood had liquidated most of her Nvidia shares in early 2023, deeming the valuation too stretched. She defended this exit for months while the stock soared with the wave of artificial intelligence. She returns on a day of pullback while the company's board investigates its own leader.