Ark Invest Sells $78M in Meta, Nvidia, and Bitcoin ETF Holdings

Ark Invest offloaded nearly $41 million in Meta (META) and $26 million in Nvidia (NVDA) shares on Thursday, while also selling $11 million of its own Bitcoin ETF (ARKB).

The moves reflect a broader retreat from high-profile tech and crypto assets as markets react to Iran-related uncertainty, lawsuit losses at Meta, and declining investor sentiment.

Meta has plunged over 17% in the past month after losing key litigation over social media’s impact on youth. Nvidia dipped 5% amid a separate class-action suit and global tech selloffs.

Ark also reduced stakes in Alphabet ($2.5M), AMD ($7.5M), crypto exchange Bullish ($6.5M), and Block ($5M)-the latter led by Bitcoin advocate Jack Dorsey.

Bitcoin fell 4.8% to $66,020-the lowest since early March-dragging down related equities. Despite Cathie Wood’s long-term bullish forecast of $1.2 million per Bitcoin by 2030, ARKB now ranks just 35th among Ark’s 96 holdings, valued at roughly $100 million.