Cathie Wood is one of the most closely watched veteran investors in the tech sector.
Whether it’s established companies or emerging sectors like crypto or AI, if she finds it to be a promising product, she makes sure to pocket it.
Related: Cathie Wood’s Ark Invest sees institutions offsetting Bitcoin sell-offs
Leading crypto stocks are already part of her portfolio:
Wood is particularly adroit at manoeuvering the evolving market conditions. After the recent crypto crash, she was wise enough to lower her Bitcoin (BTC) price projection from $1.5 million to $1.2 million. Her rebalancing of the portfolio shows her alertness to the changing dynamics of the tech sector.
On Nov. 17, Wood’s ARK Invest ditched Reddit Inc. (NYSE: RDDT) and Pinterest Inc. (NYSE: PINS) shares to buy veteran investor Peter Thiel-backed crypto stock, Bullish (NYSE: BLSH).
ARK Invest let go of $3 million worth of Reddit shares from both ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW). The social media giant’s stock fell approximately 3% in the last 24 hours to close at $187.55 yesterday as part of the broader tech sell-off.
The investment firm also sold Pinterest shares worth more than $618,000 from the ARKK. The social networking company’s stock fell 4% to close at $25.52 yesterday.
Instead, the firm loaded up on Bullish shares worth $10 million yesterday.
Backed by PayPal co-founder Peter Thiel, the Cayman Islands-based company runs a hybrid crypto trading platform for institutions.
ARK Invest’s purchase of Bullish shares was spread across three funds, ARK Innovation ETF (ARKK), ARKF, and ARKW.
The BLSH stock slipped 4.5% to close at $36.75 yesterday and was exchanging hands at $36.29 in pre-market hours today.
This story was originally reported by TheStreet on Nov 18, 2025, where it first appeared in the Technology News section. Add TheStreet as a Preferred Source by clicking here.