The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Recently, Chinese stocks listed on the US stock market have plunged sharply due to a series of rectification measures taken by Chinese regulators. For example, China announced a policy last weekend to ban the profit of off-campus training institutions, which led to the stock prices of the three major Chinese training companies listed in the US: TAL Education, New Oriental and Gaotu Online all fell by at least 25% on Monday.

The Nasdaq Golden Dragon China Index, which consists of the 98 largest Chinese stocks listed in the United States, has also fallen by nearly 15% in the past two trading days. Since setting a record high in February, the index has now fallen by more than 45%.

Wood said in an online seminar in the middle of this month: "Due to the continuous rectification measures taken by Chinese regulators recently, it is expected that Chinese technology stocks will experience a valuation reset and stock prices will continue to fall."

Currently, only 0.32% of the $23 billion assets managed by the Ark Innovation ETF (ARKK) are invested in Chinese companies, while the proportion was 8% in February this year; the Ark Next Generation Network ETF (ARKW) currently still has about 3.8% of its funds invested in Chinese stocks, but it is also far lower than 9% earlier this year.

Matt Maley, chief market strategist at MillerTabak, said that Wood's selling of Chinese stocks was a responsible move: "There are too many uncertainties about what China might do next. Market analysis points out that it is difficult to judge whether overseas institutional investors will never return after reducing their positions, but before the uncertainty of China's official strengthening of supervision becomes clear, there is little chance for foreign capital to buy in large quantities.
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Increase investment in Bitcoin and GBTC

At the same time, Ark Investment continues to be optimistic about the cryptocurrency field. In May this year, Wood predicted in an interview that Bitcoin has a good outlook and is more likely to increase by dozens of times in the future, with the price expected to exceed $500,000. At that time, Bitcoin was panic-sold and once fell to $30,000. At that time, she stated that BTC was actually on sale, and the price trend was quite emotional. It continued to bottom out during the rout, and it was impossible to say where the lowest point was. However, considering the future growth potential of BTC, it is still the right time to enter the market.

According to previous reports, last week, Ark Next Generation Network ETF bought more than 450,000 shares of GBTC for two consecutive days (19th and 20th), worth more than $10.8 million. In addition, from July 19th to 21st, Ark also bought the largest Coinbase (NASDAQ: COIN) in the United States for three consecutive days, increasing its holdings by a total of 118,197 shares, with a market value of approximately $27.28 million.

At present, it remains to be seen whether other investors will sell off Chinese corporate stocks and enter the crypto field, but as the sell-off in the Chinese stock market intensifies, it is estimated that $1 trillion of funds are currently looking for new investment targets.