Ark Invest buys $12 million in SpaceX as it trims Block, Bullish and Robinhood holdings

Ark Invest, led by Cathie Wood, bought $12.2 million of SpaceX shares on Tuesday while trimming positions in Block Inc., Bullish and Robinhood. In a disclosure of trades, Ark said it purchased 105,108 SpaceX shares across its multiple exchange-traded funds. On the day of the purchase, SpaceX’s stock rose 2.56% to close at $116.41, though it is down 29% over the past month. Ark also added $289,167 worth of Bitmine shares and roughly $32,667 in the 3iQ Solana Staking ETF. The firm sold $2.3 million of Block, $1.6 million of Bullish, and $4 million of Robinhood. Ark adjusts ETF holdings so no single stock exceeds 10% of a fund.