Cathie Wood's Ark Invest massively sells off tech stocks and Bitcoin ETFs

SmartContractAuditor · 2026-03-27T16:01:03+00:00

Ark Invest recently sold approximately $41 million worth of Meta stock and over $26 million worth of Nvidia stock, while also reducing holdings in Bitcoin ETFs and other crypto-related stocks. Meta's stock price dropped 17% due to a lawsuit, and Nvidia is facing a class-action lawsuit. The Bitcoin price has recently declined to $66,020.

SmartContractAuditor

2026-03-27 16:01:03

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Odaily Planet Daily news Ark Invest sold approximately $41 million worth of Meta stock and over $26 million worth of Nvidia stock on Thursday. In addition, the company sold about $11 million in its own Bitcoin ETF (ARKB) shares, around $6.5 million in crypto exchange Bullish stock, and nearly $5 million in Block stock, a company under Jack Dorsey. Ark Invest also reduced its holdings by about $2.5 million in Alphabet stock and about $7.5 million in AMD stock.

Meta’s stock price has dropped over 17% in the past month to around $531, with a decline of about 10% in the past week after the platform lost two lawsuits related to social media addiction. Nvidia has fallen about 5% in the past month while facing a class-action lawsuit regarding discrepancies in crypto mining revenue. Bitcoin has dropped about 4.8% in the past 24 hours to around $66,020, briefly falling below $66,000, marking its lowest level since March 2.

After the sell-off, Ark Invest holds about $100 million in ARKB, making it the 35th largest holding in its actively managed ETF. Cathie Wood previously predicted that Bitcoin could reach $1.2 million per coin by 2030.

BTC-3.55%

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