ARK Invest has strategically shifted a portion of its institutional portfolio from Tesla to Ethereum, utilizing BitMine as a vehicle for this transition. The investment firm sold $30 million in Tesla shares and acquired $2 million in BitMine shares, a company known for its substantial Ethereum holdings. This move underscores the growing institutional interest in cryptocurrency as a diversification and macroeconomic hedging tool. Recent data indicates that enterprise treasuries now hold 4.1% of Ethereum, surpassing Bitcoin's 3.6%, highlighting Ethereum's rising prominence in institutional portfolios. This aligns with Cathie Wood's vision of a blockchain-based financial infrastructure and Ethereum's dual role as both a speculative and yield-generating asset.