ARK Invest Sells GitLab, Buys Bitcoin ETF in Portfolio Rebalance

Published at 2025-12-01 14:30:10

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.

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Morgan Stanley has named Coinbase and BNY Mellon to custody and administer its proposed Bitcoin Trust; BNY Mellon will act as administrator, transfer agent and cash custodian. The move pairs a major bank with a leading crypto custodian as Morgan Stanley advances a spot-Bitcoin offering for clients.

BitcoinBNY MellonCustodyCoinbaseMorgan StanleyETF

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STRC Stock Signals 1,000 BTC Buy in Biggest One‑Day Issuance Since July

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InstitutionalBitcoinAccumulationSTRCMarket Volume

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DataCentersBitcoinHedgeFundsEnergyInfrastructureBitcoinMiningSEC

Published at 2026-03-04 10:30:46

Paraguay Turns 1,500 Seized Rigs Into State-Led Bitcoin Mining Program

Paraguay’s state utility ANDE will relaunch 1,500 confiscated Bitcoin mining rigs in partnership with Morphware, running them on surplus hydroelectric power under direct government supervision. The program aims to repurpose seized equipment and generate public revenue while testing a state-run mining model.

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Published at 2026-03-04 09:00:16

U.S. Executes First 2026 Bitcoin Transfer From Government Wallet Amid Iran Crisis

On March 3, 2026, U.S. federal authorities moved a small amount of Bitcoin from a government-controlled wallet, the first blockchain-recorded Bitcoin transaction by the U.S. this year. The transfer was logged on-chain amid heightened tensions around Iran.