Cathie Wood trims Ethereum exposure on 11th anniversary

ARK Invest reduced its Ethereum-related exposure by selling 33,560 shares of BitMine Immersion Technologies (BMNR) worth about $606,764, even as Cathie Wood has previously described BitMine’s Ether treasury strategy as an “exponential opportunity.” The move came on Ethereum’s 11th anniversary, highlighting a cautious shift in positioning despite ETH still being a major treasury theme for ARK. The article also notes ETH was trading around $1,856, down 37% year to date but up 16% over the past month, while BMNR was down 38% YTD and up 25% in the last month. Separately, ARK bought 26,509 Meta shares worth $14.3 million after Meta’s Q2 earnings missed EPS estimates despite revenue beating expectations, suggesting ARK was reallocating capital across names rather than making a broad risk-off move.