ArkInvest's massive reduction in technology stocks and downward pressure on the Bitcoin ETF market intensifies

Casey Wood's ArkInvest sold technology stocks and crypto assets on a large scale, selling approximately US$41 million in Meta shares and US$26 million in Nvidia shares, while reducing its holdings of approximately US$11 million in its own Bitcoin Spot ETF (ARKB), US$6.5 million in crypto exchange Bullish shares and nearly US$5 million in Block shares.