EddieJayonCrypto
20 Aug 25
Ark Invest has increased its holdings in crypto exchange operator Bullish, with the ARK Innovation ETF now owning over 1.1 million shares valued at approximately $73.85 million. On August 19, Ark added 356,346 Bullish shares for about $21.2 million. This follows earlier purchases totaling more than ...
Ark Invest has bolstered its position in the crypto exchange operator Bullish, with the ARK Innovation ETF (ARKK) now holding over 1.1 million shares valued at approximately $73.85 million. On August 19, Ark added 356,346 Bullish shares to its holdings, investing about $21.2 million as the stock closed at $59.51 in New York.
This recent purchase builds upon Ark’s earlier acquisition of more than 2.5 million Bullish shares distributed across three ETFs at the time of Bullish’s market debut, signaling a strong conviction in the company’s potential.
In addition to Bullish, Ark Invest continued to increase its stake in Robinhood (HOOD), acquiring 150,908 shares worth about $16.2 million. This purchase marked the third consecutive day of buying in Robinhood stock, following $14 million in buys on Monday and $9 million on Friday, making Robinhood one of Ark’s most consistent crypto-adjacent holdings.
Cathie Wood’s strategic accumulation in both Bullish and Robinhood highlights Ark Invest’s focused approach on crypto exchange platforms, reflecting confidence in the growth prospects of digital asset infrastructure within the broader cryptocurrency ecosystem.