Ark Invest sells Bitmine, Block, Bullish, Robinhood shares, buys SpaceX

Ark Invest sold shares of Bitmine, Block, Bullish, and Robinhood on Wednesday as these stocks declined. The firm sold 120,665 shares in Bitmine, valued at approximately 2000000 dollars, from its ARKK ETF. Bitmine's stock fell 5.6% to close at 16.59 dollars. Ark also offloaded 13,403 shares of Block Inc. for 1100000 dollars, 12,561 shares of Robinhood for 1100000 dollars, and 11,314 shares of Bullish for 247097 dollars, all of which traded lower. Additionally, Ark purchased 128,932 shares of SpaceX, worth about 14500000 dollars, across its ETFs. SpaceX's stock dropped 3.32% to 112.55 dollars, further below its IPO price of 135 dollars. Ark adjusts its ETF holdings to ensure no single stock exceeds 10% of a fund's portfolio, rebalancing when asset values fluctuate significantly.