ARK Invest sold shares of Block and Bullish and bought Nvidia for $16.2 million

Investment firm ARK Invest, led by Cathie Wood, reduced its positions in several cryptocurrency-related companies on November 9, 2026, while increasing investments in technology producers for artificial intelligence and financial services. According to published trading statistics, ARK funds sold shares of Block (NYSE: XYZ), Bullish (NYSE: BLSH), and units of the bitcoin ETF ARKB. On the same day, the management company acquired shares of Nvidia (NASDAQ: NVDA) and SoFi Technologies (NASDAQ: SOFI) totaling approximately $23 million.

The largest purchase was Nvidia shares, with ARK allocating approximately $16.2 million. Meanwhile, the company sold 68,997 shares of Block for $6.1 million and 49,767 shares of Bullish for $1.13 million. The transactions were conducted through several exchange-traded funds managed by ARK Invest.

Assets Bought and Sold by ARK Invest

Nvidia purchases were distributed among five ARK funds: ARKK, ARKQ, ARKW, ARKF, and ARKX. Collectively, they acquired 90,443 shares of the graphics processor manufacturer, used for training and operating artificial intelligence models. The deals took place amid a 4.27% decline in Nvidia's stock prices by the end of trading on November 9, when shares closed at $178.67.

ARK allocated about $6.8 million to purchase shares of SoFi Technologies through the ARKK and ARKF funds. The fintech company develops banking, investment, and cryptocurrency services. As of September 30, SoFi reported 503,000 cryptocurrency products among clients, and its gross revenue from cryptocurrency operations for the third quarter reached $161.6 million, increasing by 20% compared to the previous quarter.

On the sales side, the largest operation was the reduction of the position in Block. The ARKK fund sold 68,997 shares of the payment company founded by Jack Dorsey, amounting to about $6.1 million. Meanwhile, Block shares rose by 3.6% on November 9, to $88.56.

ARK also sold 49,767 shares of the cryptocurrency trading platform Bullish for approximately $1.13 million. Transactions were conducted through the ARKW and ARKF funds, while Bullish's stock prices rose by about 7% during the trading session, to $22.80. Thus, the reduction of positions in Block and Bullish occurred amid the rising value of both companies.

ARK Reduced Investments in Its Own Bitcoin ETF

In addition to company shares, the ARKW fund sold approximately 64,300 units of the ARK 21Shares Bitcoin ETF (ARKB) valued at $1.6 million. This exchange-traded fund provides investors with access to bitcoin dynamics through regulated securities. At the time of reporting, its net asset value was about $2.15 billion.

On the same day, ARKB recorded a net outflow of $9.9 million, according to Farside Investors data. The total outflow from all U.S. spot bitcoin ETFs on November 9 reached $201 million. However, the sale of ARKB units by the ARKW fund and the overall capital outflow from ARKB are different indicators that cannot be automatically linked.

Do Sales Indicate a Change in Cathie Wood's Strategy?

ARK Invest regularly reviews the composition of its ETFs, adjusting the shares of individual companies based on stock price dynamics, portfolio structure, and investment decisions of managers. The company aims to avoid excessive concentration of funds in one issuer, so reducing a specific position may be related to routine rebalancing.

Based on one day's transactions, it is not possible to conclude a complete withdrawal of ARK from investments in the cryptocurrency industry. The management company reduced positions in Block, Bullish, and ARKB, but simultaneously increased investments in SoFi, which also develops cryptocurrency direction. To assess a long-term strategy change, further transactions and the overall asset shares in all ARK funds must be considered.