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

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…

Read more on Benzinga