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00:02Cathie Wood led ARK Invest executed multiple ETF trades on Monday,
00:06trimming Tesla exposure while adding positions across cryptocurrency-linked stocks and funds,
00:11according to Benzinga.
00:13ARK Invest sold 124,867 Tesla shares across its ARK Innovation and ARK Next Generation
00:20Internet ETFs, generating about $59.35 million based on the stock's $475.31 closing price.
00:30The sale comes as Tesla tests driverless robot access in Austin,
00:33while analysts question the importance of record EV deliveries
00:36and point to a shift in investor-focused toward autonomy.
00:39ARK increased exposure to Circle, Coinbase, Bitmine Immersion Technologies,
00:44Bullish, Block, and the ARK 21 shares Bitcoin ETF.
00:48Bitcoin fell below $86,000 on Monday, dragging Ethereum under $3,000
00:54and pushing XRP and Dogecoin down more than 4%,
00:57as over $600 million in bullish crypto positions were liquidated
01:01and open interest dropped sharply.
01:03For all things money, visit Benzinga.com.
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