Jul 31, 2026 3:26 PM
Cathie Wood is abandoning her "exponential" crypto conviction. Despite calling Bitmine’s Ether treasury strategy a massive opportunity for 2026, ARK Invest just dumped its exposure on Ethereum’s own anniversary. Even more baffling? They’re pivoting that capital into Meta—a Big Tech giant that just missed earnings expectations. Why sell the future of finance to double down on a legacy tech play after an earnings miss? Is ARK losing faith in crypto, or is this a genius move?
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