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ARK Invest Abandons Ethereum Bet, Doubles Down on Meta

Guavy AI Editorial Team
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ETH
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Cathie Wood's investment firm ARK Invest has trimmed its exposure to Ethereum on its 11th anniversary. The move is surprising given Wood's previous enthusiasm for the cryptocurrency, which she had described as a massive opportunity for 2026.

The firm has sold some of its Ethereum holdings and reinvested in Meta, a Big Tech company that recently missed earnings expectations. This decision has raised questions about whether ARK Invest is losing faith in crypto or making a strategic move.

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