--- title: "Cathie Wood Trims Bitcoin Target As Ark Invest Reduces Circle, Bullish Positions" type: "News" locale: "en" url: "https://longbridge.com/en/news/283386745.md" description: "Ark Invest CEO Cathie Wood has adjusted her long-term Bitcoin outlook, reducing exposure to crypto-related equities. The firm sold shares of Circle and Bullish, reallocating funds to Netflix. Despite Bitcoin's recent rise, Wood has tempered her 2030 price expectations, previously estimated at $1.5 million, due to macroeconomic uncertainties and market volatility. Circle and Bullish remain small positions in Ark's portfolio, with Circle representing 4.5% of ARKK holdings. Wood's revised outlook reflects a more conservative approach amid ongoing geopolitical tensions affecting the crypto market." datetime: "2026-04-20T17:09:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283386745.md) - [en](https://longbridge.com/en/news/283386745.md) - [zh-HK](https://longbridge.com/zh-HK/news/283386745.md) --- # Cathie Wood Trims Bitcoin Target As Ark Invest Reduces Circle, Bullish Positions Ark Invest CEO **Cathie Wood**, long known for her bullish stance on **Bitcoin** (CRYPTO: BTC), has adjusted her long-term outlook while her firm also reduced exposure to select crypto-related equities. ## **Crypto-Linked Positions Reduced** According to Ark Invest tracking data shared on X on Apr. 17, the firm's ARKW fund sold approximately 11,465 shares of **Circle Internet Group** (NYSE:CRCL), valued at about $1.21 million, and 31,417 shares of **Bullish** (NYSE:BLSH), worth roughly $1.36 million. The fund used the proceeds to increase its position in Netflix following the company's latest earnings report. Despite the recent trades, both Circle and Bullish remain relatively small positions in ARKW, each accounting for about 0.7% of total holdings. Within the broader Ark ecosystem, Circle represents about 4.5% of ARKK holdings, while Robinhood and Coinbase make up 4.8% and 4.4%, respectively. Over the past month, Circle shares have fallen roughly 20% even as Bitcoin rose about 6.5%. Bullish, meanwhile, gained about 11.2% in the same period. ## **Bitcoin Outlook Adjusted Lower** Cathie Wood has repeatedly described Bitcoin as a core long-term holding due to its decentralized structure and role in the evolving financial system. However, she has recently tempered her long-term price expectations. In early March, Wood said Ark Invest had reduced its 2030 Bitcoin bull-case estimate, previously cited as high as $1.5 million by 2035, by several hundred thousand dollars. She did not provide a new precise upper target but indicated a more conservative range in her updated outlook. She attributed the revision in part to increased macro uncertainty and volatility in digital asset markets, including geopolitical tensions that contributed to Bitcoin briefly falling below $64,000. _Image: Shutterstock_ ### Related Stocks - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [BLSH.US](https://longbridge.com/en/quote/BLSH.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [BTC.US](https://longbridge.com/en/quote/BTC.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [BTF.US](https://longbridge.com/en/quote/BTF.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [LMBO.US](https://longbridge.com/en/quote/LMBO.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BLCN.US](https://longbridge.com/en/quote/BLCN.US.md) - [BLOK.US](https://longbridge.com/en/quote/BLOK.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [NFXL.US](https://longbridge.com/en/quote/NFXL.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [NFLW.US](https://longbridge.com/en/quote/NFLW.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [MSTW.US](https://longbridge.com/en/quote/MSTW.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [COIW.US](https://longbridge.com/en/quote/COIW.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) - [ARKW.US](https://longbridge.com/en/quote/ARKW.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) ## Related News & Research - [Circle scenario analysis and the DeFi liquidity shock of KelpDAO](https://longbridge.com/en/news/283591342.md) - [Saylor's Strategy Holdings Top 800,000 Bitcoin After 3rd Biggest Purchase In History](https://longbridge.com/en/news/283369032.md) - [Huobi founder Li Lin taps Bitfire to recover $760M in disputed Bitcoin](https://longbridge.com/en/news/283619709.md) - [Metaplanet issues $50 million in zero-interest bonds to buy more bitcoin](https://longbridge.com/en/news/283950738.md) - [Circle unveils USDC Bridge for native cross-chain stablecoin transfers](https://longbridge.com/en/news/283212581.md)