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.



<h2>Crypto-Linked Positions Reduced</h2>



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.



<h2>Bitcoin Outlook Adjusted Lower</h2>



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

NFLX

BLSH

CRCL

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.

- Ark Invest CEO Cathie Wood has adjusted her long-term Bitcoin outlook, reducing exposure to certain crypto-related equities.  
- The firm sold shares of Circle Internet Group and Bullish, reallocating the funds to increase its position in Netflix.  
- Wood lowered her 2030 Bitcoin bull-case estimate due to macroeconomic uncertainties, noting volatility and geopolitical factors affecting Bitcoin's price.

benzinga_article

Netflix

Bullish

Circle

Grayscale Bitcoin Mini Trust ETF

Grayscale Bitcoin Trust BTC - ETF

Valkyrie Bitcoin and Ether Strategy ETF

ProShares Bitcoin Strategy ETF

Direxion Daily Crypto Industry Bull2XETF

Invesco Galaxy Bitcoin ETF

Siren ETF Trust Siren Nasdaq NexGen Economy ETF

Amplify Transform Data Sharing ETF

Franklin Bitcoin ETF

Direxion Daily NFLX Bull 2X Shares

GraniteShares 2x Long COIN Daily ETF

Roundhill NFLX WeeklyPay ETF

Ark Innovation ETF

ARK 21Shares Bitcoin ETF

VanEck Bitcoin ETF

Roundhill MSTR WeeklyPay ETF

Bitwise Bitcoin ETF

Fidelity Wise Origin Bitcoin Fund - ETF

iShares Bitcoin Trust ETF

Roundhill COIN WeeklyPay ETF

WisdomTree Bitcoin Fund

CoinShares Bitcoin ETF

ARK Next Gen Internet ETF

Robinhood

Coinbase

Cathie Wood Trims Bitcoin Target As Ark Invest Reduces Circle, Bullish Positions