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Cathie Wood Cuts Crypto Exposure, Then Reverses Course On CoreWeave

Cathie Wood Cuts Crypto Exposure, Then Reverses Course On CoreWeave

  • The firm’s crypto selling also included Bitmine Immersion Technologies, Circle Internet Group, Coinbase Global and Bullish.

  • CoreWeave was the biggest reversal, with ARK selling 64,923 shares on Monday before buying 239,083 shares across ARKK and ARKW on Thursday.

  • ARK also trimmed large technology and biotech holdings including Palantir, Shopify, Tempus AI, Amazon, AMD and 10x Genomics.

Cathie Wood’s Ark Invest funds spent Monday exiting nearly every crypto-linked position across the firm’s ETFs, then spent Thursday buying back into a name it had sold just three days earlier – CoreWeave (CRWV).

The Crypto Clean-Out

On Monday, ARK sold more than 1.5 million shares of its own ARK…

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