Cathie Wood's Ark Dumps Meta, Nvidia, and Bitcoin ETFs—Because Nothing Says 'Diamond Hands' Like $82 Million in Sales

Ark Invest, the investment firm of legendary Bitcoin maximalist Cathie Wood, apparently looked at their portfolio Thursday and thought, "You know what this needs? Less of everything." Because nothing screams conviction quite like selling $82 million worth of assets in a single day.

The firm unloaded nearly $41 million in Meta (META) and over $26 million in Nvidia (NVDA). Both stocks continued their downward spiral on Friday, dropping 2.98% and 1.55% respectively. Meta has been having a rough month—down over 17% to around $531, with roughly 10% of those losses coming just this week after the social media giant lost a pair of social media addiction lawsuits tied to youth protection failures. Nvidia, comparatively holding its ground, still slipped around 5% over