Ark Invest Sells Off Tech Stocks and Bitcoin ETF

AirdropBlackHole · 2026-03-28T19:03:31+00:00

Ark Invest sold $41 million in Meta shares and $26 million in Nvidia shares, along with other crypto and tech stocks. This followed declines in Meta and Nvidia's stock prices due to lawsuits, and Bitcoin's dip to its lowest since March.

AirdropBlackHole

2026-03-28 19:03:31

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On March 28, Ark Invest sold approximately $41 million worth of Meta shares and over $26 million of Nvidia shares on Thursday. Additionally, the firm sold about $11 million in its own Bitcoin ETF (ARKB) shares, around $6.5 million in crypto exchange Bullish stock, and nearly $5 million in Block stock, a company led by Jack Dorsey. Ark Invest also reduced its holdings by approximately $2.5 million in Alphabet shares and about $7.5 million in AMD shares.

Meta’s stock price has dropped over 17% in the past month to around $531, including a nearly 10% decline in the past week, following losses in two social media addiction lawsuits. Nvidia’s stock fell about 5% over the past month and is facing a class-action lawsuit regarding discrepancies in crypto mining revenue. Bitcoin dropped approximately 4.8% in the past 24 hours to around $66,020, briefly falling below $66,000, marking its lowest level since March 2.

After the sell-off, Ark Invest holds about $100 million in ARKB, making it the 35th largest holding in its actively managed ETFs. Cathie Wood previously predicted Bitcoin could reach $1.2 million per coin by 2030.

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