Ark Invest buys 12.2 million in SpaceX, trims Block, Bullish, Robinhood holdings

Ark Invest purchased 12.2 million dollars worth of SpaceX shares on Tuesday, acquiring 105,108 shares across its exchange-traded funds. SpaceX's stock rose 2.56% to close at 116.41 dollars, despite a 29% decline over the past month. The firm also added 289,167 dollars worth of Bitmine shares and approximately 32,667 dollars worth of the 3iQ Solana Staking ETF. Ark sold 2.3 million dollars worth of Block Inc. shares, 1.6 million dollars worth of Bullish, and 4 million dollars worth of Robinhood. Block Inc. finished up 2.29% at 83.10 dollars, Bullish slipped 0.48% to 22.69 dollars, and Robinhood fell 3% to 92.76 dollars. Ark adjusts its ETF holdings to ensure no single stock exceeds 10% of a fund's portfolio, rebalancing when asset values fluctuate significantly.

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