Cathie Wood's ARK Invest offloaded 225,742 shares of the ARK 21Shares Bitcoin ETF (ARKB) on Tuesday . This move comes after a 3-for-1 share split in June .
ARK's latest Bitcoin ETF sale came shortly after ARKB hit a new all-time high above $39 in early July, equivalent to nearly $118 on a pre-split basis . The ARK 21Shares Bitcoin ETF (ARKB) offers exposure to Bitcoin (BTC) and tracks the performance of Bitcoin, the largest crypto asset by market cap .
Cathie Wood is known for her technology-focused investment strategy . ARK Invest invests in technologies that are expected to revolutionize industries, such as artificial intelligence, DNA sequencing, robotics, energy storage, and blockchain technology . The company invests in stocks it projects to double in value over a five-year period .
Ark Invest's flagship fund, the Ark Innovation ETF, debuted in 2014 . This thematic ETF focuses on companies poised to benefit from technological advancements in areas like cryptocurrencies, robotics, artificial intelligence, and fintech . Wood is known for her aggressive, technology-focused investment strategy .
ARK Invest focuses on investing in innovations that make industries more efficient and reduce costs . Their approach includes a 15% annual turnover for core holdings, a historical 70% turnover for individual stocks, a strategy that doesn't rely on benchmarks, and a minimum investment horizon of seven years .