{"id":75714,"date":"2026-07-21T13:12:51","date_gmt":"2026-07-21T13:12:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ark-buys-the-dip-on-musks-spacex-for-20-5-million-while-cathie-wood-trims-robinhood-stake\/"},"modified":"2026-07-21T13:12:51","modified_gmt":"2026-07-21T13:12:51","slug":"ark-buys-the-dip-on-musks-spacex-for-20-5-million-while-cathie-wood-trims-robinhood-stake","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ark-buys-the-dip-on-musks-spacex-for-20-5-million-while-cathie-wood-trims-robinhood-stake\/","title":{"rendered":"ARK Buys the Dip on Musk&#8217;s SpaceX for $20.5 Million While Cathie Wood Trims Robinhood Stake"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">ARK bought $20.5 million of SpaceX (SPCX) on July 20 across four of its ETFs.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SpaceX shares traded near $119.85, down more than 45% from their June IPO price of $135.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">ARK trimmed Robinhood (HOOD) by $4.1 million the same day, continuing a pattern of profit-taking.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Familiar Pattern of Buying the SpaceX Dip<\/h2>\n<p>The SpaceX purchase spread across ARK\u2019s flagship ARKK, ARKW, ARKQ and ARKX funds, according to the firm\u2019s daily trade disclosures. It is not the first time Wood has stepped in as Elon Musk\u2019s rocket company has slid, given Ark Invest added <a href=\"https:\/\/news.bitcoin.com\/cathie-wood-ark-invest-spacex-dip\/\">$32.5 million of SpaceX shares<\/a> in an earlier dip this year, and the fund has separately amassed roughly <a href=\"https:\/\/news.bitcoin.com\/cathie-woods-ark-grabs-3-3m-spacex-shares-as-starlink-fuels-bull-case\/\">3.3 million shares<\/a> tied to the stock\u2019s Starlink and artificial intelligence (AI)-linked infrastructure businesses.<\/p>\n<p><\/p>\n<p>SpaceX\u2019s decline has been steep. The stock topped $225 shortly after its record June IPO, which raised roughly $86 billion, but has since shed more than 40% of its value and <a href=\"https:\/\/news.bitcoin.com\/spacex-stock-closes-below-ipo-price\/\">closed below<\/a> its $135 offering price for the first time since its debut earlier this month. The stock is currently trading at $119.85.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-832813\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake2_nwmk.jpg\" alt=\"SpaceX share price\" width=\"1219\" height=\"759\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake2_nwmk-300x187.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake2_nwmk-1024x638.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake2_nwmk-768x478.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake2_nwmk.jpg 1219w\" sizes=\"auto, (max-width: 1219px) 100vw, 1219px\"\/><\/p>\n<p>Analysts point to profit-taking after one of the most hyped listings in memory, a reassessment of the company\u2019s valuation, a failed test of the upgraded Starship V3 rocket, and looming lock-up expirations that will free early holders to sell.<\/p>\n<h2>SpaceX\u2019s Bitcoin Treasury Angle<\/h2>\n<p>SpaceX holds roughly 18,712 bitcoin (BTC), worth <a href=\"https:\/\/news.bitcoin.com\/spacex-stock-closes-below-ipo-price\/\">close to $1.19 billion<\/a> at current prices, making it one of the largest corporate holders of the asset outside of dedicated treasury firms such as Strategy (Nasdaq: MSTR). A falling share price does not change that balance sheet position, but it does mean ARK is accumulating exposure to a bitcoin-holding company at a steep discount to its post-IPO highs.<\/p>\n<p>The Robinhood sale was smaller and fits a different pattern. ARK has moved in and out of Robinhood repeatedly this year, at one point buying the dip on Robinhood alongside <a href=\"https:\/\/news.bitcoin.com\/ark-invest-buys-coinbase-circle-bullish-robinhood-dip\/\">Coinbase, Circle and Bullish<\/a> as crypto-linked stocks slid broadly. Robinhood shares closed July 20 near $99.28, down modestly on the day, and the stock has been a strong performer in 2026 as its crypto and options businesses have expanded.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-832815\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake3_nwmk.jpg\" alt=\"Robinhood share price\" width=\"1129\" height=\"684\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake3_nwmk-300x182.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake3_nwmk-1024x620.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake3_nwmk-768x465.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/ark-buys-the-dip-on-musks-spacex-as-cathie-wood-trims-robinhood-stake3_nwmk.jpg 1129w\" sizes=\"auto, (max-width: 1129px) 100vw, 1129px\"\/><\/p>\n<p>The same trading day, ARK also added $18.2 million of Meta Platforms shares while selling $4.1 million of Advanced Micro Devices, moves that fall outside the SpaceX-Robinhood trade but reinforce the fund\u2019s broader tilt toward AI infrastructure names over semiconductor exposure.<\/p>\n<h2>Wood\u2019s Broader Crypto Thesis<\/h2>\n<p>The trades come as Wood continues to make some of the most aggressive public bitcoin forecasts on Wall Street. She has doubled down on a long-term bull case that places bitcoin\u2019s value between $1 million and $1.5 million per coin, with a base case around <a href=\"https:\/\/news.bitcoin.com\/ark-invest-ceo-cathie-wood-doubles-down-on-bitcoins-1-5m-bull-case-as-optimism-soars\/\">$650,000<\/a>, citing institutional adoption and the asset\u2019s growing recognition as a distinct store of value.<\/p>\n<p>Wood has also projected the broader crypto ecosystem could scale from roughly $1 trillion today to <a href=\"https:\/\/news.bitcoin.com\/ark-invest-ceo-cathie-wood-sees-crypto-market-exploding-to-25-trillion-in-2030\/\">$25 trillion<\/a> by 2030, and has described bitcoin as a \u201c<a href=\"https:\/\/news.bitcoin.com\/ark-invests-cathie-wood-calls-bitcoin-a-new-bretton-woods-amid-global-currency-uncertainty\/\">new Bretton Woods<\/a>\u201d for a fracturing global monetary system.<\/p>\n<p>Despite the drawdown, SpaceX\u2019s rise has been rapid by any measure. The company landed a spot in the <a href=\"https:\/\/news.bitcoin.com\/spacex-lands-nasdaq-100-spot-weeks-after-record-ipo\/\">Nasdaq-100 index<\/a> just weeks after its record IPO, a milestone that typically takes newly public companies years to reach and one that forces index funds to buy the stock regardless of near-term price swings. That dynamic has added a layer of structural demand even as active investors like ARK trade around the volatility.<\/p>\n<p>SpaceX is scheduled to report second-quarter results and host an earnings webcast on August 4, an event that will give investors their first detailed look at the company\u2019s financials since the IPO and could resolve some of the valuation uncertainty behind the recent slide. The company\u2019s next Starship test flight and any update on lock-up expirations will also weigh on sentiment in the meantime.<\/p>\n<p>For Robinhood, quarterly results will show whether crypto trading volumes are still growing fast enough to justify ARK\u2019s earlier conviction, even as the fund trims its position on strength. Either way, ARK\u2019s daily trade disclosures will keep offering an unusually granular window into how one of Wall Street\u2019s highest-profile crypto bulls is positioning around both names.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/ark-invest-spacex-robinhood-trade-july-2026\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways ARK bought $20.5 million of SpaceX (SPCX) on July 20 across four of its ETFs. SpaceX shares traded near $119.85, down more than 45% from their June IPO price of $135. ARK trimmed Robinhood (HOOD) by $4.1 million the same day, continuing a pattern of profit-taking. [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75714"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75714"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75715"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}