In a notable shift on April 17, 2025, ARK Invest made significant changes to its investment portfolio, signaling its ongoing strategy of diversifying holdings in the cryptocurrency sector. The firm executed a sale of 39,575 shares of the ARK 21Shares Bitcoin ETF (ARKB) through its ARKW fund. This transaction was based on the closing price of $84.71 per share, culminating in a total amount of approximately $3.35 million.
Moreover, ARK Invest strategically acquired 475,000 shares of the 3IQ Solana Staking ETF (SOLQ, U) by utilizing its ARKW and ARKF funds. The purchase was executed at a closing price of 14.42 Canadian dollars, which is roughly equivalent to $10.42 USD per share, leading to a valuation of around $4.95 million.
These strategic transactions exemplify ARK Invest’s commitment to adapting its cryptocurrency exposure and enhancing its investment strategy within the volatile digital asset landscape. As the cryptocurrency market continues to experience fluctuations, ARK Invest’s decisions reflect a proactive approach to managing risks while capitalizing on potential growth opportunities in emerging digital asset classes.
Investors should closely monitor these developments as they can significantly impact portfolio performance and strategic positioning in the ever-evolving world of cryptocurrency investments..