ARK Fintech Innovation ETF sold off nearly all of its shares in Silvergate Capital

ChainCatcher news, according to Bloomberg, "Wood Sister" Cathie Wood's fund ARK Fintech Innovation ETF has sold off nearly all of its shares in Silvergate Capital Corp. On Thursday, the ARK Fintech Innovation ETF sold 404,000 shares of Silvergate stock, reducing its holdings by over 99%, with the current holding of less than 4,000 shares, valued at approximately $43,000, accounting for only 0.01% of the fund's portfolio.

Previously, ChainCatcher reported that Silvergate's digital asset deposits plummeted from $11.9 billion to $3.8 billion, and JPMorgan downgraded its rating from "Overweight" to "Neutral" today. (Source link)