Cathie Wood sells $2.57 million in crypto-related stocks, shifts focus to Netflix and biotech stocks

BlockBeats news, on April 18, ARK Invest founder Cathie Wood adjusted her holdings yesterday, selling a total of approximately $2.57 million in crypto-related stocks while increasing positions in traditional technology and biotechnology sectors. Specifically, on the day, she reduced the following holdings:

· Circle Internet Group 11,465 shares, about $1.21 million
· Bullish 31,417 shares, about $1.36 million

Among them, Circle is currently facing collective lawsuit pressure for not freezing related assets in the recent Drift Protocol attack incident; Bullish saw its share price rise about 5% as market sentiment improved following easing tensions in the Middle East.

Meanwhile, Wood increased her positions in:

Netflix 26,161 shares, about $2.54 million
Alamar Biosciences 537,463 shares, about $11.96 million

It is noteworthy that although Netflix reported first-quarter revenue of $12.25 billion and profit of $5.28 billion, its stock price fell nearly 10% that day as results only slightly exceeded expectations; Alamar surged about 33% on its first day of Nasdaq listing, with a market value reaching $1.53 billion.