Cathie Wood, the Founder and Chief Executive Officer of Ark Invest, is adjusting her firm’s investment strategy by shifting focus from some crypto and tech stocks to the Ethereum treasury company chaired by Tom Lee.
According to the most recent report, ARK’s three funds, ARK Innovation ETF, Next Generation Internet ETF, and Fintech Innovation ETF, sold a combined total of 218,986 shares of Coinbase valued at $90.5 million.
It has been reported that 463,293 shares of Roblox, a gaming company worth $57.7 million, were offloaded, with a total of over $148 million in shares being offloaded.
These changes suggest that ARK is moving away from certain crypto and tech stocks, redirecting its investment to a company holding Ethereum in its treasury.
Alongside selling shares of Coinbase and Roblox shares, ARK’s three major funds have bought 4.4 million shares of Bitmine Immersion Technology, a company connected to Ethereum, and chaired by Fundstrat’s Tom Lee.
Yet the purchase was around $174 million and now makes up to 1.5% of each ETF portfolio; in addition to this, the fund has shifted investment away from Robinhood and Block Inc.
AMD and Airbnb are now in ARK’s portfolio
In addition to Bitmine, the fund also shifted its investment towards popular companies such as AMD, DoorDash, and Airbnb. Overall, the firm seems to be moving away from some crypto and fintech stocks and focusing more on Ethereum and tech-related firms with broader use cases.
Wood’s recent purchase of Bitmine Immersion Technologies shares is her first since the company shifted its focus from Bitcoin to Ethereum in late June. Following that pivot, Bitmine stock surged over 3000%, hitting a record high of $135 on the third day of July.
Cathie remains bullish on Ethereum, predicting a $20 trillion market capitalization by 2030, primarily driven by its role in decentralized finance and innovation like zero-knowledge proof integrated into the Ethereum Virtual Machine.
However, the ARK portfolio remains heavily weighted towards the disruptive sector, as of June 2025, including Tesla, Roku, Block, and UiPath.
A quick update on Ethereum prices
According to the data from CoinMarketCap, Ethereum is trading at $3,664.37 with an intraday decline of 3.01% and in a week, it added more than 23.19%.
In the past 24 hours, the trading volume of ETH is $47.54 billion with an increase of 5.63% and the market capitalization is $442.06 billion, which is expected to reach $500 billion very soon.
Ethereum traded highest at $4,106 in the monthly time frame and lowest at $1,386, yet since its launch till writing, it has traded highest at $4,891.70.
