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Ark Invest trims Bitmine, Bullish and Block as crypto stocks pull back, adds $14.5 million SpaceX stake

7/30/2026

Selling Bitmine, Bullish, and Block into a crypto equity dip looks like standard risk reduction.

Cathie Wood's Ark Invest complicated that read by simultaneously buying 128,932 shares of Elon Musk's SpaceX, a position worth roughly $14.5 million.

The rotation read-through Trimming three crypto-linked names into weakness reads as capitulation at first glance. The SpaceX buy changes the interpretation.

Ark is shifting the form of its exposure, moving from listed crypto equities to a privately held company that Elon Musk controls. SpaceX is not a public company.