Cathie Wood’s Ark Invest Makes $37M Bullish and Robinhood Bet: Doubling Down on Crypto’s Future?

ARK just dropped a massive $37 million vote of confidence in crypto's infrastructure—grabbing shares in both Bullish and Robinhood. Cathie Wood's fund keeps betting big on blockchain's disruptive potential.

Why These Plays Matter

Bullish brings deep liquidity and institutional-grade trading to crypto—exactly the kind of infrastructure growth ARK loves. Robinhood? Still the gateway for millions of first-time crypto buyers, regulatory headwinds and all.

Timing and Trajectory

This buy aligns with Wood’s long-held thesis: crypto and blockchain tech will redefine finance. Forget dipping a toe—this is a full plunge into platforms positioned for the next adoption wave.

Let’s be real—on Wall Street, throwing $37 million at 'potential' is either visionary or a high-stakes gamble dressed up as innovation. Either way, ARK isn’t hedging.

Bullish and Robinhood Slide Amid Market Sell-Off

Despite Ark’s heavy buying, both stocks ended sharply lower on the day. Bullish dropped 6.09% to $59.51, slipping an additional 3.24% in after-hours trading, while Robinhood fell 6.54% to $107.50 and lost another 1.23% post-market.

The sell-off wasn’t isolated. Other crypto-linked equities also suffered, with Coinbase down 5.82%, Galaxy Digital plunging 10.06%, Strategy sliding 7.43%, and Circle off 4.49%.

The Nasdaq Composite fell 1.46% as investors pulled back ahead of the U.S. Federal Reserve’s Jackson Hole symposium, where policy signals are expected to shape market sentiment.

Ark’s latest MOVE builds on a $172 million allocation to Bullish last week, when the Cayman Islands-based exchange made its highly anticipated debut on the New York Stock Exchange.

With Ark now holding more than 1.1 million Bullish shares valued at roughly $73.85 million, the firm is betting big on the platform’s role in the evolution of crypto markets.

Similarly, Robinhood has become one of Ark’s most consistent crypto-adjacent holdings. The recent spree increases its share of ARKK’s portfolio to over 4%, highlighting Ark’s belief in the platform’s long-term potential despite short-term volatility.

Wood’s investment strategy mirrors confidence in crypto’s ongoing institutional adoption, as firms like Gemini, OKX, and Kraken explore IPOs. Ark also maintains significant positions in Circle and Coinbase, further engraving its role as one of Wall Street’s most vocal champions of digital assets.

As volatility shakes out weaker hands, Ark’s contrarian bets may position it to capitalize if crypto markets rebound, raising the question: is this a bold gamble, or a long game in the market?

Cover image from ChatGPT, TotalCrypto chart from Tradingview