Cathie Wood, CEO and CIO of Ark Invest and longtime bitcoin (BTC-USD) advocate has sold over 36K shares of ARK 21Shares Bitcoin ETF (BATS:ARKB), her bitcoin backed exchange traded fund to start off 2025.

Palantir Technologies stock had a great 2024, but the new year is starting off rocky for the software company. Palantir stock fell 7.8% to $69.99 and was the worst performer in the S&P 500 on Tuesday as the index dropped 1.

The stock of Palantir Technologies (PLTR, Financial) fell 3% on early trading on Tuesday after Cathie Wood-Ark Invest sold $15 million worth of Palantir shares, or 196,728 shares in total, across various ETFs.

Wood remains a long-time supporter of tech disruptors, but her pivot away from Palantir underscores concerns about its valuation.

Cathie Wood’s flagship Ark Innovation ETF continues to sell Tesla shares, but the value of its stake has climbed above $1 billion.

The largest exchange-traded fund at Cathie Wood’s ARK Invest couldn’t keep up with the broader market last year, but the growth-focused investment firm found success in its other ways as investors gravitated toward certain innovations more than others.