Cathie Wood’s Ark Invest pushed deeper into two high-profile bets this week, adding to positions in SpaceX and Circle after both companies reported second-quarter results — moves that underscore Ark’s continuing appetite for crypto, AI and fintech plays. Ark’s flagship Ark Innovation ETF (ARKK) disclosed in a Thursday holdings report that SpaceX is now its fifth-largest holding, valued at nearly $282 million and making up about 4.73% of the fund. Stablecoin issuer Circle sits eighth, with roughly $233 million in market value and a 3.90% weighting. These stakes join other top ARKK names such as Tesla, Coinbase, Robinhood, OpenAI, Bitmine and Palantir, reflecting Ark’s thematic focus on artificial intelligence, crypto infrastructure and disruptive fintech. The filing shows Ark added to both positions after the companies’ Q2 results. Across ARKK and sister ETFs, the firm bought 181,830 SpaceX shares and 273,343 Circle shares — purchases worth roughly $20 million and $17.3 million, respectively, based on closing prices. The purchases came on the heels of a broader late‑July rebalance in which Ark trimmed some crypto-adjacent names (Bitmine, Robinhood, Block and Bullish) while pouring about $43.5 million into Coinbase and Circle and roughly $14.5 million into SpaceX. Circle’s Q2 update painted steady growth: $701 million in revenue and reserve income (up 7% year-over-year), adjusted EBITDA of $143 million (up 8%), USDC circulation of $73.3 billion (up 19%) and astounding on-chain transaction volume of $14.8 trillion (up 151%). The results left Circle shares largely unchanged, but the metrics reinforce why Ark is doubling down on the stablecoin issuer as a core crypto infrastructure play. SpaceX’s Q2 showed dramatic top-line expansion — revenue jumped 92% year-over-year to $7.8 billion — but the stock slid about 13.6% as markets fixated on the company’s $18.4 billion in planned capital expenditures. SpaceX management said much of that spending will support expanded AI capabilities, a long-term growth bet that some investors viewed as near-term dilution of returns. Ark’s purchases signal conviction in both companies despite mixed market reactions to their earnings. For crypto-focused readers, the moves are particularly notable: Circle remains central to USDC’s ecosystem growth, while Ark’s exposure to Coinbase and other crypto-linked names shows the fund maintaining exposure to institutional crypto adoption even as it reallocates around earnings and market dynamics.
Ark Invest Boosts Holdings in SpaceX and Circle After Q2 Results
ChainGPTShare
Summary
Ark Invest raised its positions in SpaceX and Circle after the second-quarter results, pushing SpaceX to fifth in the Ark Innovation ETF (ARKK) with $282 million and Circle to eighth with $233 million. The firm added 181,830 SpaceX shares and 273,343 Circle shares, worth $20 million and $17.3 million respectively. ETF inflows helped fund the buys as Ark rebalanced its portfolio, cutting some crypto-adjacent names while adding Coinbase. Circle’s USDC supply rose 19% and revenue grew 7% year-over-year, while SpaceX hit 92% revenue growth amid worries about spending. The moves coincided with a dip in the fear and greed index, signaling possible buying opportunities.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.