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Cathie Wood's Block Sale: Ark Sells Bitcoin Play — See What She's Buying Instead - ARK Next Generation Internet ETF (BATS:ARKW)

Summary by Benzinga
On Thursday, Cathie Wood-led Ark Invest executed a notable trade involving Block Inc. (NYSE:XYZ). The firm decided to sell 9,078 shares of the Jack Dorsey-led company through its ARK Next Generation Internet ETF (BATS:ARKW). The Block Inc Trade: Block’s recent quarterly earnings report fell short of expectations. The company’s earnings per share were reported at 56 cents, missing the analyst consensus of 87 cents. Additionally, the Bitcoin (CRYP…

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Benzinga broke the news in New York, United States on Friday, May 16, 2025.
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