Cathie Wood plans to rebalance ARK's portfolio with BTC as top crypto, trimming TSLA. Ethereum follows in allocation.

ARK Invest's CEO, Cathie Wood, revealed in an interview that the company is conducting a portfolio rebalancing that extends beyond the "Mag 7" in order to adapt to the upcoming wave of innovation. During an exclusive conversation with Sampru TV, Wood highlighted Bitcoin (CRYPTO: BTC) as her primary cryptocurrency investment, emphasizing its significance as a global monetary system, a technological advancement, and a novel asset category. Following Bitcoin, she ranked Ethereum (CRYPTO: ETH) in second place, recognizing its role as the primary institutional platform for smart contracts. Wood then identified Solana (CRYPTO: SOL) as the top consumer-targeted Layer-1 blockchain. The allocation of ARK's crypto-related equities is aligned with Wood's perspectives on these cryptocurrencies. Full details available on Benzinga.com.