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

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

Ark Invest purchased $12.2M in SpaceX while trimming Block, Bullish, and Robinhood holdings to maintain its maximum 10% position-size discipline. The rebalancing pattern signals growing volatility in fintech/crypto—allocation metric material for portfolio managers with high-beta equity exposure.