Cathie Wood trims $2.57M in crypto-linked names, adds Netflix and biotech exposure

BlockBeats reported on April 18 that Ark Invest founder Cathie Wood reshuffled her portfolio a day earlier, cutting about $2.57 million in cryptocurrency-related stocks and adding to positions in large-cap tech and biotech. Ark trimmed: · Circle Internet Group: 11,465 shares, about $1.21 million · Bullish: 31,417 shares, about $1.36 million Circle is facing pressure from a class-action lawsuit tied to allegations it failed to freeze related assets during the Drift Protocol attack. Bullish shares rose about 5% as broader markets rebounded on easing Middle East tensions. Ark added: · Netflix: 26,161 shares, about $2.54 million · Alamar Biosciences: 537,463 shares, about $11.96 million Netflix posted first-quarter revenue of $12.25 billion and profit of $5.28 billion, but the stock fell nearly 10% as results only modestly beat expectations. Alamar jumped about 33% in its Nasdaq debut, valuing the company at roughly $1.53 billion.