Cathie Wood’s ARK Invest Doubles Down on Crypto Plays, Trims AMD Stake
ARK Invest's ETFs made significant moves on November 19, reinforcing Cathie Wood's conviction in digital assets. The firm deployed $17.5 million into Bullish (BLSH), $16.5 million into Circle Internet Group (CRCL), and $8.4 million into Bitmine Immersion Technologies (BMNR). These purchases underscore growing institutional confidence in crypto infrastructure and stablecoin adoption.
Meanwhile, ARK continued reducing its position in Advanced Micro Devices (AMD), selling 72,215 shares. The rotation from traditional tech to crypto-focused equities mirrors Wood's long-standing bullish thesis on blockchain disruption.