Add as a preferred source on GoogleARK Invest Sells Block and ARKB, Adds $23 Million in Nvidia and SoFi
ARKB recorded $9.9 million in net outflows on Nov. 9, part of $201.1 million in combined outflows from U.S. spot Bitcoin ETFs.
ARK Invest sold $6.1 million in Block shares and $1.6 million in its ARK 21Shares Bitcoin (BTC) ETF (ARKB) on Monday, Nov. 9, while buying $23 million in Nvidia and SoFi stock across its funds.
ARKB had $2.15 billion in net assets and recorded $9.9 million in net outflows that day. Those withdrawals were part of $201.1 million in combined net outflows from U.S. spot Bitcoin ETFs.
ARK Invest also reduced its ARKB position in an Oct. 9 round of trades.
SoFi Technologies had 503,000 crypto products as of Sept. 30. Its gross revenue from crypto trading rose 20% from the previous quarter to $161.6 million. The company launched SoFi Earn, an interest-bearing tokenized deposit product, in October.
Block closed up 3.6% at $88.56 on Nov. 9. SoFi gained 3.33% to $16.75, while Nvidia fell 4.27% to $178.67.