ARK Invest Completely Reorganizes Portfolio...Leading Institutional Ethereum Demand

Cathie Wood's ARK Invest has embarked on a comprehensive portfolio restructuring. The key focus of this adjustment is shifting the center of gravity from Bitcoin-centric assets to Ethereum (ETH)-based companies. Wood is leading the trend of institutional investor Ethereum demand by expanding investment in Tom Lee's new company, Bitmine Immersion Technologies (BMNR), which focuses on Ethereum financial strategy. ARK Invest sold 218,986 shares of Coinbase (COIN) to facilitate this position shift. The transaction value is approximately $90.5 million (about 125.7 billion won), which is the third sale in the past month. This includes three of ARK's representative ETFs: ARK Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF). They also liquidated 463,293 shares of gaming platform Roblox (RBLX), worth about $57.7 million (about 80.2 billion won). Instead, they acquired 4.4 million shares of Bitmine Immersion, valued at approximately $174 million (about 241.5 billion won). This makes the stock account for 1.5% of each ETF's assets. Bitmine is currently the second-largest Ethereum holder globally. According to Strategic Ethereum Reserve, the company holds over 300,000 ETH, with a valuation of about $1.1 billion (about 1.529 trillion won). This is second only to SharpLink Gaming, which holds 360,000 ETH. This adjustment also affected various other stocks. Sold stocks included Robinhood ($HOOD), Block ($SQ), and some technology and consumer goods stocks like AMD ($AMD), DoorDash ($DASH), and Airbnb ($ABNB). Institutional Ethereum demand is not limited to ARK Invest. Nasdaq-listed Bit Digital ($BTBT) is also noteworthy. Previously focused on Bitcoin mining, the company raised $172 million through public stock offering, sold 280 BTC, and completed a financial portfolio conversion to 10,603 ETH. Despite potential regulatory variables from a possible Trump presidency, the trend of positioning Ethereum as a core corporate treasury asset continues to spread. Recently, SBET raised $425 million through private placement and $79 million through market public offering to build a large ETH reserve. ARK Invest's actions demonstrate how traditional asset management firms are positioning Ethereum as a new value storage method for institutions. This represents a clear strategic shift and can be interpreted as a significant milestone in understanding future market structure changes.