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ARK Invest Snaps Up Netflix (NFLX) After Earnings Drop While Dumping Crypto Holdings

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NFLX Stock Card

Key Takeaways

  • Following a two-day trading pause, ARK Invest executed significant portfolio adjustments on Friday
  • The firm acquired 26,161 Netflix shares valued at approximately $2.5M following a nearly 10% post-earnings decline
  • Circle holdings worth $1.21M were liquidated as the company faces legal challenges related to the Drift Protocol incident
  • ARK divested $1.36M in Bullish shares while Bitcoin climbed past $76,000
  • The firm invested roughly $11.96M in Alamar Biosciences during its Nasdaq debut

Cathie Wood’s ARK Invest resumed active trading Friday, April 17, 2026, following a 48-hour hiatus. The investment firm executed a notable strategic pivot: liquidating cryptocurrency-related equities while accumulating positions in established technology and biotechnology companies.

The firm purchased 26,161 Netflix shares representing approximately $2.5 million in capital. This move came immediately after Netflix disclosed its Q1 financial results, revealing revenue of $12.25 billion alongside profits reaching $5.28 billion — figures that surpassed analyst expectations.


NFLX Stock Card
Netflix, Inc., NFLX

Despite delivering impressive financial metrics, Netflix stock plummeted nearly 10% to settle at $97.31. The decline followed co-founder Reed Hastings’ announcement that he wouldn’t pursue board reelection, coupled with the company’s conservative revenue projections for the remainder of 2026.

ARK’s acquisition indicates confidence that the market overreacted to the news. Netflix continues expanding into live sports broadcasting and advertising initiatives, with revenue projections approaching $3 billion for the current year.

Cryptocurrency-Linked Stock Divestment

Regarding sales activity, ARK liquidated Circle shares totaling $1.21 million. Circle operates as the issuer of USDC, ranking among the most significant stablecoins by total market capitalization.

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The company currently confronts a class-action legal proceeding stemming from the Drift Protocol security breach. Plaintiffs allege Circle neglected to freeze compromised assets during the incident, introducing considerable legal exposure for shareholders.

Additionally, ARK disposed of $1.36 million in Bullish stock, despite the shares appreciating approximately 5% that trading session amid declining Middle East tensions.

Bitcoin maintained levels above $76,999 Friday, experiencing temporary upward momentum following reports of the Strait of Hormuz reopening. Crude oil prices declined roughly 10% on this development.

The optimism proved fleeting. By Saturday evening, Iranian officials declared the Strait closed once more, citing a U.S. naval blockade. This reversal underscored persistent geopolitical volatility.

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Biotech Investment on Debut Trading Day

ARK acquired 537,463 Alamar Biosciences shares for approximately $11.96 million during the company’s inaugural Nasdaq trading session.

Alamar experienced a remarkable 33% surge during its debut, achieving a market capitalization of $1.53 billion. This transaction demonstrates ARK’s ongoing commitment to emerging biotechnology ventures alongside established technology positions.

Combined cryptocurrency-related divestments totaled $2.57 million spanning Circle and Bullish. Both positions saw reductions despite the broader cryptocurrency market maintaining strength above critical price thresholds.

These transactions illustrate a calculated adjustment in ARK’s Friday holdings — transitioning capital from elevated-risk cryptocurrency exposures toward large-capitalization technology and biotechnology assets amid continued global uncertainty.

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ARK’s simultaneous purchases of Netflix and Alamar Biosciences shares represents one of the firm’s most substantial single-session portfolio rebalancing events in recent trading periods.

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Crypto World

Crypto Funds Post $1.4B Inflows as BTC Almost Touches $78K

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Crypto Funds Post $1.4B Inflows as BTC Almost Touches $78K

Cryptocurrency investment products logged another week of strong inflows on ceasefire optimism and a Bitcoin price breakout driving investor sentiment.

Crypto exchange-traded products (ETPs) posted $1.4 billion in inflows last week, beating the prior week’s $1.1 billion and marking the second-largest weekly inflows since January, CoinShares reported on Monday.

Following the three-week inflow streak totaling $2.7 billion, crypto ETPs now have net year-to-date inflows of around $3.8 billion, with assets under management (AUM) at $154.8 billion — the highest level since early February after dipping to as low as $128 billion in March.

The uptick in crypto funds has likely been driven by a recovery in risk appetite on US-Iran ceasefire extension talks, CoinShares head of research James Butterfill said.

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The sentiment was further reinforced by Bitcoin (BTC) nearly touching $78,000 on Friday, according to CoinGecko.

Ether funds turn positive year to date

Bitcoin led last week’s ETP gains by a significant margin, with inflows totaling $1.12 billion. The gains brought year-to-date inflows to $3 billion, with AUM at $123 billion.

The majority of gains were contributed by US spot Bitcoin exchange-traded funds (ETFs), which posted $1 billion in inflows last week.

Ether (ETH) investment products also picked up with $328 million inflows in its strongest week since January, finally lifting the ETPs into green year-to-date with $197 million inflows.

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Crypto ETP flows by asset (in millions of US dollars). Source: CoinShares

Still, altcoin ETPs, including XRP (XRP) and Solana (SOL), recorded negative flows, with XRP leading the outflows at $56 million. Solana recorded minor outflows of $2.3 million.

Short-Bitcoin products saw a modest $1.4 million of inflows, suggesting residual but limited hedging demand.

Regionally, the US dominated the surge with $1.5 billion of inflows, while Germany ranked second with just $28 million of inflows. Switzerland saw the largest redemptions last week, with outflows totaling $138 million.

Addressing the implications of recent economic data, CoinShares’ Butterfill suggested that March’s Consumer Price Index (CPI) increase of 3.3% appears to have been largely looked through by markets, with core CPI at 2.6% seen as relatively contained, pointing to inflation pressures that remain more supply-driven than broad-based.

Related: Bitcoin erases weekend gains as US-Iran ceasefire faces pressure

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Nomura’s Laser Digital echoed that view, telling Cointelegraph that backward-looking macro indicators currently offer only limited insight while conflicts continue to affect supply chains and spending patterns.

“Delayed indicators like CPI and PMIs mostly reflect past conditions rather than the current situation,” Laser Digital said, adding that the outlook remains “cautiously optimistic.”

Bitcoin Price, Iran, CoinShares, Ethereum ETF, Bitcoin ETF, ETF
The Crypto Fear & Greed Index. Source: Alternative.me

Sentiment improvement was also reflected in the Crypto Fear & Greed Index, which moved from “extreme fear” to “fear,” with the score rising above 29 on Monday for the first time since Jan. 29.

Magazine: Bitcoin ‘on track’ for $90K, ETFs pull in nearly $1B: Hodler’s Digest, April 12 – 18