Bitcoin: Ark Invest Trims its BTC ETF and Bets on Nvidia and SoFi

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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.

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 dollars of its introduction 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.

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 revenues 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 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.

Machine-translated from French