Cathie Wood's Ark buys $25M of CoreWeave, trims $40M from Bitcoin ETF
- —Ark bought ~239K CoreWeave (CRWV) shares for about $25M
- —Roughly $40M trimmed from its Bitcoin ETF position
- —Crypto, genomics and tech funds reduced
- —Proceeds shifted toward healthcare and AI infrastructure
Why it matters: Ark's Bitcoin ETF sales could weigh on institutional demand, while the CoreWeave bet signals a pivot toward AI infrastructure.
Source: Seeking Alpha Crypto