The ARK Trade Watch: Cathie Wood Cuts Crypto Exposure, Then Reverses Course On CoreWeave

• The firm's crypto selling also included Bitmine Immersion Technologies, Circle Internet Group, Coinbase Global and Bullish.

• CoreWeave was the biggest reversal, with ARK selling 64,923 shares on Monday before buying 239,083 shares across ARKK and ARKW on Thursday.

• ARK also trimmed large technology and biotech holdings including Palantir, Shopify, Tempus AI, Amazon, AMD and 10x Genomics.

Cathie Wood's Ark Invest funds spent Monday exiting nearly every crypto-linked position across the firm's ETFs, then spent Thursday buying back into a name it had sold just three days earlier – CoreWeave (CRWV).

The Crypto Clean-Out

On Monday, ARK sold more than 1.5 million shares of its own ARK 21Shares Bitcoin ETF (ARKB) across the ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF), the single largest trade of the week by volume as of Friday morning.

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The same day, the funds sold Bitmine Immersion Technologies (BMNR), Circle Internet Group (CRCL) across two separate ETFs, Coinbase (COIN), and Bullish (BLSH).

ARKB's price has fallen over 3% this week. On Stocktwits, retail sentiment around the ETF remained in 'bearish' territory over the past week.