Bitcoin: Ark Invest reduces its BTC ETF and bets on Nvidia and SoFi

Sweeping the Ark Invest portfolio. Cathie Wood's company sold $6.1 million worth of Block shares and 1.1 million Bullish shares on Monday. It also sold $1.6 million in shares of its own Bitcoin ETF for cash. The capital then went back to SoFi Technologies and Nvidia, for $6.8 and $16.2 million.

The two sold stocks, however, ended the session in the green: Block gained 3.6% to $88.56, Bullish 7% to $22.80. Profit taking dictated by the internal plumbing of Ark funds more than by sudden distrust.

Key Points

Ark Invest sold 68,997 Block securities and 49,767 Bullish securities during Monday's session

The company also sold $1.6 million in shares of ARKB, 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 seized $16.2 million from Ark the day its board confirmed an investigation into its CEO

Ark Invest reduces Block, Bullish and its Bitcoin ETF ARKB

Jack Dorsey first bears the brunt of the rebalancing. Ark sold 68,997 Block shares. The payments group swapped its ticker SQ for XYZ on Nasdaq at the start of 2025. It has also been one of the emblematic positions of Cathie Wood's funds for years. On Bullish, 49,767 titles were released. The exchange platform run by Tom Farley is now trading at $22.80. This is well below the $37 when it was listed on the New York Stock Exchange in the summer of 2025.

More unexpectedly, Ark also sold $1.6 million in shares of its ARK 21Shares Bitcoin ETF (ARKB). The fund had $2.15 billion in assets. It saw $9.9 million in net outflows on Monday alone. In total, withdrawals reached 201.1 million across all US spot Bitcoin ETFs. These shares are housed in ARKW, the house's Next Generation Internet fund. This uses it as a gateway to BTC.

These arbitrations follow a house rule. In fact, Ark limits its lines as soon as a position approaches 10% of a portfolio. The ax falls on both the rise and fall of prices. The sale of ARKB therefore falls within this cap. In this fund, the exposure to Bitcoin remains one of the strongest in the range.

SoFi, $161.6 million in crypto revenue and tokenized deposits

The money recovered immediately went back to SoFi Technologies, to the tune of $6.8 million. The neobank gained 3.33% during the session, to $16.75. Its customers held 503,000 crypto products at the end of the third quarter. Furthermore, its gross crypto transaction revenue jumped 20% quarter-over-quarter, to $161.6 million. The published accounts also show a record net turnover of $1.4 billion. Added to this are a net profit of 241 million and raised annual forecasts.

Last month, SoFi launched SoFi Earn, a paid tokenized deposit. Please note, however: this product remains a debt recorded on the bank's balance sheet, and not a stablecoin issued by a third party. The establishment claims to be the first American national bank to offer this type of product to individual customers. Since 2022, it has held a national banking charter issued by the Office of the Comptroller of the Currency. This federal regulator supervises American banks.

Nvidia: Ark buys while board investigates Jensen Huang

The biggest check of the day went to Nvidia, for $16.2 million. The stock had just lost 4.27%, to $178.67 at the close. However, the chipmaker has confirmed an investigation by its board of directors targeting Jensen Huang. It centers on his ties to a woman that U.S. intelligence officials reportedly identify as a Chinese spy.

The New York Times revealed last week the existence of a memo distributed in the spring to the highest officials in Washington. According to this document, Chinese businesswoman Alice Huang was recruited by the Chinese Ministry of State Security. His mission: to collect information on the founder of Nvidia. Jensen Huang remains at the head of the group.

Cathie Wood liquidated most of her Nvidia shares at the start of 2023, judging the valuation too tight. She then defended this release for months, while the title took off with the wave of artificial intelligence. She returns there on a day of withdrawal, while the group's board of directors is investigating its own leader.