Cathie Wood’s ARK Invest ETFs (exchange-traded funds) reported new trades for Friday, November 28, based on the latest daily disclosures. The activity showed steady buying in crypto, led by the ARK 21Shares Bitcoin ETF (ARKB), while ARK continued to trim its position in software maker GitLab (GTLB).
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ARK Cuts GitLab Again, along with IRDM, IBTA, and EXAS
The day’s biggest transaction was another notable sale of GitLab, with ARK unloading 208,528 shares worth roughly $8.46 million across the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW).
This marks another day of selling GTLB shares and suggests ARK is gradually reducing its position in the stock. On November 25, Wood offloaded 646,911 shares of GitLab valued at about $26.8 million.
The selling continued across mid-cap tech, communications, and diagnostics holdings, including:
- 89,446 shares of Iridium Communications (IRDM) worth about $1.47 million
- 22,281 shares of Ibotta (IBTA) worth roughly $523,000
- 918 shares of Exact Sciences (EXAS) valued at about $93,000
ARK Boosts Crypto Exposure with Bitcoin ETF Buy
While software names were trimmed, ARK increased its allocation to digital assets. The firm bought 70,125 shares of the ARK 21Shares Bitcoin ETF, valued at approximately $425,000 across ARKW and ARK Fintech Innovation ETF (ARKF).
This adds to several days of buying in ARKB and shows Wood’s ongoing interest in crypto. With Bitcoin moving higher and more firms paying attention, ARK seems to be getting in early.
Let’s see how these stocks perform using the TipRanks Stock Comparison Tool:
