Ark sells $7 million in Tesla stock and bets big on crypto-related stocks Internet ETF (ARCA:ARKW), Tesla (NASDAQ:TSLA), Robinhood Markets (NASDAQ:HOOD), ARK Innovation ETF (ARCA:ARKK )

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Cathie Wood’s Ark Invest unloaded more Tesla Inc. TSLA stock on Friday even as it amassed this crypto-related stock for a second straight day.

Tesla Selling Spree: Ark, through its Ark Innovation ETF ARKK and Ark Next Generation Internet ETF ARKW, sold 27,841 Tesla shares. The sale would have earned the fund $7.14 million, based on the $256.60 the stock closed on Friday.

On Tuesday, Ark offloaded $8.67 million from Tesla as it pulled profits from the table after the stock surged.

For the week, Ark’s cumulative Tesla sale was $15.81 million.

Tesla has been volatile in recent sessions after a strong rally took it to an intraday high of $276.99 on Wednesday. The stock has fallen to that high level since then. The drop was partly due to the stock’s back-to-back downgrades this week.

See also: Everything you need to know about Tesla stock

Ark’s main disposals on Friday included:

Canadian e-commerce retailer Shopify Inc. SHOP: 78,676 shares worth $5.02 million Sportsbook company DraftKings Inc. DKNG: 122,556 shares worth $3.07 million. Cancer-focused biotech Surface Oncology Inc. SURF: 499,030 shares valued at $414,195

Top Buys: Ark bought more shares of Robinhood Markets Inc. HOOD on Friday. Through ARKK, ARKW and ARK Fintech Innovation ETF ARKF, Ark purchased 1.07 million shares worth $10.18 million.

Friday’s trade marked Robinhood’s second consecutive day of buying, bringing the week’s total buys to $15.39 million.

Price action: Tesla closed Friday’s session down 3.03%, at $256.60, according to data from Benzinga Pro. ARKK ended the week at $42.14, down 1.24%.

Read next: Ark invests Cathie Wood is betting big on AI with these 4 stocks, including one that could skyrocket 750%

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