Cathie Wood Trims Bitcoin Target As Ark Invest Reduces Circle, Bullish Positions

Ark Invest CEO Cathie Wood has tempered her long-term Bitcoin outlook while the firm trimmed crypto-linked equity holdings, selling shares of Circle Internet Group and trading Bullish positions from its ARKW fund. The sales (about $1.21M of Circle and $1.36M of Bullish) funded an increased Netflix stake. Wood said Ark lowered its 2030/2035 bull-case Bitcoin estimate by several hundred thousand dollars, citing macro uncertainty and digital-asset volatility after Bitcoin briefly dipped below $64,000. The moves may modestly weigh on niche crypto equities but leave broader crypto exposure intact; Bitcoin remains a core long-term holding for Ark despite the more conservative target, producing mixed market sentiment.