Cathie Wood’s Ark Invest recently made some notable moves in their investment portfolio. They purchased $4.5 million worth of PayPal shares and $3.5 million worth of Pinterest shares. At the same time, they decided to sell their own Bitcoin ETF as the cryptocurrency market saw a surge.
Additionally, Ark Invest continued to offload their holdings in Palantir. The company also holds Common Shares of Beneficial Interest in ARK 21Shares Bitcoin ETF.
These decisions reflect Ark Invest’s strategy of actively managing their investments to capitalize on market trends. It will be interesting to see how these moves play out in the coming months.