ARK Invest’s flagship ARK Innovation ETF (NASDAQ: ARKK) executed a full day of selling on Monday, trimming 17 positions without recording a single disclosed purchase.
The fund sold 124,168 shares of BitMine Immersion Technologies (NASDAQ: BMNR), valued at roughly $2 million based on Monday’s closing price of $17 per share.
Roku (NASDAQ: ROKU) represented the heaviest cut by fund weight at 1.14% of the ETF, with 665,136 shares sold, dwarfing every other position trimmed during the session.
ARKK also reduced holdings in Advanced Micro Devices (NASDAQ: AMD), Tesla (NASDAQ: TSLA), Amazon (NASDAQ: AMZN), Palantir (NASDAQ: PLTR), Taiwan Semiconductor (NYSE: TSM), CoreWeave (NASDAQ: CRWV), Shopify (NYSE: SHOP), and Figma (NYSE: FIG).
ARK’s other two actively trading funds, the ARK Autonomous Technology and Robotics ETF (ARKQ) and the ARK Space Exploration and Innovation ETF (ARKX), similarly reported only sales on Monday.
Wood has been a consistent BMNR buyer since mid-2025, adding to her stake repeatedly through the stock’s pullback from highs near $161, including roughly $17 million across three ARK ETFs in December alone.
ARK added another $6 million-plus to its BMNR position in early February, reinforcing a pattern of buying shares on declines and selling into rallies rather than signaling any fundamental shift in conviction.
BMNR shares have fallen sharply over the past year, sliding from a 52-week high near $161 to around $17, as Ethereum retreated from earlier highs and the premium on crypto-treasury stocks compressed.
BitMine reported on Monday that its holdings had reached 5.62 million ETH, representing approximately 4.66% of the token’s total circulating supply.
Despite the holdings update, BMNR stock was down 0.41% in the past 24 hours, and the stock has declined more than 38% year to date, though retail sentiment on Stocktwits shifted to “neutral” from the “bearish” zone during the period.
The Monday session underscored ARK’s current posture of rotating out of positions during rallies, with no new capital deployed across any of the three Wood-managed ETFs that were active during the day.
