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📰 【Cathie Wood Sells $2.57 Million in Crypto Concept Stocks, Turns to Netflix and Biotech Targets】
BlockBeats News, April 18 — Ark Invest founder Cathie Wood adjusted her holdings yesterday, selling approximately $2.57 million worth of crypto-related stocks while increasing positions in traditional technology and biotech sectors. Specifically, on that day:
· Sold 11,465 shares of Circle Internet Group, about $1.21 million
· Sold 31,417 shares of Bullish, about $1.36 million
Among them, Circle recently faced collective litigation pressure for not freezing assets during the Drift Protocol attack; Bullish, on the other hand, benefited from easing tensions in the Middle East...
Wood is adjusting her portfolio again, this time selling $COIN and $HOOD. Traditional institutions' patience with crypto is always so limited—any little movement and they pull out. But then she turns around and buys Netflix and biotech—this hedging move is textbook. The market is always rotating, but capital flows never lie. 👇👇👇👇👇