Cathie Wood’s Ark Invest Dumps Meta, Nvidia and Bitcoin ETF Shares in Major Tech Sell-Off

In brief

• Ark Invest parted with nearly $41 million in META and $26 million in NVDA shares on Thursday.
• Cathie Wood’s firm also dumped around $11 million worth of shares in its Bitcoin ETF.
• The sales come amid a sustained market downturn as uncertainty in Iran shakes stocks and crypto.