ARK Invest Sells GitLab, Buys Bitcoin ETF in Portfolio Rebalance
On Nov. 28 ARK Invest trimmed $8.46 million in GitLab shares while simultaneously increasing its Bitcoin ETF position by $425,000, according to filing notes. The GitLab sale was the second notable divestment in the stock this week, part of ongoing adjustments overseen by Cathie Wood as the firm rebalances holdings across sectors.
The Bitcoin ETF addition is modest relative to ARK’s total assets but is telling for investors watching allocation trends: a small rotation from a software name into crypto exposure suggests either tactical risk management or a renewed appetite for digital-asset plays. Market impact from these specific trades is likely limited, but the pattern underscores ARK’s active portfolio reshaping and keeps attention on how Cathie Wood balances growth tech positions with alternative exposures like Bitcoin ETFs.