OMG! Cathie Wood Just Ditched Coinbase & Block Shares—But Wait, There’s More! 🤯💸

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So, here we are again, ladies and gents, witnessing the financial equivalent of a celebrity breakup. ARK Invest—the brainchild of everyone’s favorite stock-picking rockstar, Cathie Wood—has decided to do some spring cleaning (in July, mind you) by offloading chunks of Coinbase (COIN) and Block Inc. (XYZ) shares. Because why hold onto something when you can sell it for millions? 💁‍♀️

On July 24, in true “I’m-too-busy-being-a-financial-genius” fashion, ARK sold $12.1 million worth of Coinbase shares from not one but TWO of its ETFs. Yes, darling, they’re diversifying like it’s going out of style. 😌

ARK Invest Plays “Let’s Dump Some Stocks!” 🎲📉

According to the latest trading gossip—I mean, disclosures—the firm parted ways with 27,614 Coinbase shares from the ARK Innovation ETF (ARKK) and another 2,887 from the ARK Next Generation Internet ETF (ARKW). And just to keep things spicy, they also dumped 123,169 Block Inc. shares from ARKK (worth $9.8 million) and 11,262 Robinhood (HOOD) shares from ARKW (valued at $1.1 million). Phew. That’s a lot of numbers. Someone get me a calculator—or a cocktail. 🍸

Here’s every move Cathie Wood and Ark Invest made in the stock market today 7/24

— Ark Invest Daily (@ArkkDaily) July 25, 2025

All this selling isn’t because Cathie woke up on the wrong side of the bed or had a bad hair day. Nope. It’s all about rebalancing their portfolio. You know, like when you realize your wardrobe is 90% black leggings and decide to throw in a pop of color. Except instead of leggings, it’s crypto assets. 🖤💸

Apparently, ARK has a strict “no single stock shall exceed 10% of our fund” policy. Which explains why they’ve been pruning their holdings like an overzealous gardener. And let’s not forget—it’s only been a month since they last sold shares of Coinbase, Robinhood, and Block Inc. Clearly, Cathie doesn’t believe in holding grudges—or stocks—for too long. 😏

But Wait, There’s New Love in the Air! ❤️📈

Just when you thought ARK was done making headlines, they went ahead and bought $175 million worth of Bitmine shares earlier this week. Yes, you read that right. They’re still investing like it’s Black Friday. 🛍️

Oh, and remember eToro? The financial service provider that went public on Nasdaq in May? Well, ARK snatched up 140,000 of their shares for the ARK Fintech Innovation ETF (ARKF), valued at $9.4 million. Because apparently, Cathie loves a good IPO debut as much as we love binge-watching reality TV. 📺✨

And let’s not skip over Circle (CRCL), which joined the NYSE party earlier this year. ARK bought $373 million worth of Circle shares on its first day of trading. But don’t worry—they didn’t get too attached. Within days, they sold off a whopping 342,658 shares across three ETFs. Classic Cathie: buy big, sell bigger. 💼💥

In conclusion, ARK Invest is basically the Taylor Swift of the stock market—always shaking things up, dropping surprises, and leaving us all wondering what they’ll do next. Stay tuned, folks. This rollercoaster isn’t stopping anytime soon. 🎢🎢🎢

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2025-07-25 16:48