Ark Invest trims Block, Bullish and its own bitcoin ETF, rotates into Nvidia and SoFi

Cathie Wood's Ark Invest sold crypto-linked equities and a slice of its own spot bitcoin fund on Monday, 9 November, while adding to two names outside the sector, according to the firm's daily trading disclosure as reported by The Block.

Per that disclosure, Ark's ETFs sold 68,997 shares of Jack Dorsey's Block, worth about $6.1 million, and 49,767 shares of the exchange operator Bullish, worth roughly $1.1 million. Block closed up 3.6% at $88.56; Bullish rose 7% to $22.80. Ark also offloaded about $1.6 million of its own Ark 21Shares Bitcoin ETF (ARKB) — a small cut against the fund's $2.15 billion in net assets. ARKB logged $9.9 million in net outflows on the day, part of $201.1 million in total net outflows across U.S. spot bitcoin ETFs on Monday.

On the buy side, Ark picked up about $16.2 million of Nvidia and $6.8 million of SoFi Technologies. SoFi closed up 3.33% at $16.75. Nvidia fell 4.27% to $178.67 the same day, after the chipmaker said its board is investigating CEO Jensen Huang's relationship with a woman that The New York Times reported U.S. intelligence officials have alleged was recruited by China's Ministry of State Security — meaning Ark added to the position into a sharp single-day drop.

Key facts

• Block: 68,997 shares sold, ~$6.1M; stock +3.6% to $88.56 (Ark disclosure, via The Block).
• Bullish: 49,767 shares sold, ~$1.1M; stock +7% to $22.80 (same).
• ARKB: ~$1.6M sold; fund net assets $2.15B; $9.9M net outflows Monday (same).
• U.S. spot bitcoin ETFs: $201.1M total net outflows Monday (The Block).
• Buys: Nvidia ~$16.2M (stock −4.27% to $178.67); SoFi ~$6.8M (stock +3.33% to $16.75).
• SoFi: 503,000 crypto products at end-September; gross crypto transaction revenue +20% QoQ to $161.6M (SoFi earnings).

The real-world read

This is a routine daily rebalancing disclosure, not a thesis change — and worth reading as such. The Block notes Ark regularly adjusts to keep any single stock below 10% of a fund, so position trims track price moves as much as conviction. The $1.6 million ARKB sale is real but tiny relative to the fund, and the broader $201.1 million in bitcoin-ETF outflows is the more meaningful number. Treat the SoFi crypto figures with care: the 503,000 products and the 20% revenue jump come from SoFi's own earnings report, an interested party describing its own business. Note too that SoFi's claim to be the "first" U.S. national bank offering tokenized deposits to individuals is the company's own framing. All trade figures here trace to Ark's self-published disclosure as relayed by The Block — a single secondary source citing a primary one; no independent confirmation of the share counts was available.

Not financial advice. Figures reflect one day's disclosed trades and may change with subsequent rebalancing.