Ark Invest Expands Bullish Holdings Amid Crypto Market Rally
Cathie Wood's Ark Invest has significantly increased its stake in Bullish, a cryptocurrency-related company, acquiring 57,164 additional shares across three of its ETFs. The purchases, valued at approximately $1.83 million, follow a 16% surge in Bullish's stock price during a broader market rally.
Ark's latest MOVE comes after it bought 716,030 Bullish shares late last week while simultaneously reducing its position in Coinbase Global. The firm sold over $39 million worth of Coinbase stock across two days, marking its first disposals since August 2025.
The rebalancing reflects Ark's continued confidence in crypto-focused investments despite recent market volatility. Bullish, which operates a digital assets exchange, appears to be benefiting from institutional interest as traditional finance increasingly adopts blockchain technology.
