Key Highlights:
- Ark Invest sold shares of Bitmine, Bullish, Robinhood and Block.
- The firm purchased roughly $14.5 million worth of SpaceX shares.
- The trades came as crypto-related stocks declined.
Cathie Wood's Ark Invest reduced its exposure to several crypto-related stocks as the sector experienced a broad pullback.
According to the firm's latest trading disclosure, Ark sold approximately $2 million worth of Bitmine shares, alongside positions in Robinhood, Block and Bullish.
At the same time, the investment firm purchased around $14.5 million worth of SpaceX shares across several of its ETFs.
Ark regularly rebalances its portfolios to ensure no individual holding grows beyond roughly 10% of an ETF, meaning sales often reflect portfolio management rather than a change in long-term outlook.
