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Ark Invest buys $12 million in SpaceX as it trims crypto-linked holdings
The changes include trimming positions in Block, Bullish, and Robinhood, while adding to SpaceX.
Ark Invest has purchased $12 million in SpaceX, according to The Block.
As it made the SpaceX buy, the firm trimmed holdings including $2.3 million worth of Block Inc. shares, $1.6 million worth of Bullish, and $4.0 million worth of Robinhood.
The Block said Ark Invest’s trades show reallocations between SpaceX and smaller cuts to its existing exposure in these holdings.
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