SpaceX and Circle are now among the 10 largest positions in Ark Invest's flagship innovation fund. The move follows continued buying by Cathie Wood's firm after both companies reported second-quarter earnings.
SpaceX and Circle are now among the 10 largest positions in Ark Invest's flagship innovation fund. The move follows continued buying by Cathie Wood's firm after both companies reported second-quarter earnings.
The shift matters because Ark's flagship fund is closely watched for signals about where the firm sees long-term innovation exposure. SpaceX represents private-market space technology, while Circle gives the fund direct exposure to a major crypto-linked company.
Cathie Wood's Ark Invest has made SpaceX and Circle two of the top 10 holdings in its flagship innovation fund after continuing to buy shares in both companies following their second-quarter earnings.
The shift matters because Ark's flagship fund is closely watched for signals about where the firm sees long-term innovation exposure. SpaceX represents private-market space technology, while Circle gives the fund direct exposure to a major crypto-linked company.
Circle's presence among the fund's largest positions also highlights the growing role of stablecoin-related businesses in public-market portfolios. For crypto readers, Ark's increased allocation shows that some institutional investors are continuing to build exposure to digital asset infrastructure companies.
Ark's latest buying spree does not by itself indicate how either company will perform, and it should not be read as investment advice. It does, however, place both SpaceX and Circle more prominently inside one of the best-known innovation-focused investment strategies.
The changes came after both companies released second-quarter earnings, according to Decrypt. Ark's continued purchases pushed the two names into the fund's top tier of holdings, underscoring the firm's conviction in sectors tied to space, fintech, and crypto infrastructure.
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