Ark Invest Expands Crypto Holdings with Bullish and Robinhood Purchases
Cathie Wood's Ark Invest has significantly increased its stake in Bullish (BLSH), the crypto exchange operator that owns CoinDesk. The ARK Innovation ETF (ARKK) now holds 1,165,397 shares valued at approximately $73.85 million. This follows a recent purchase of 356,346 shares worth $21.2 million on August 19, when Bullish shares closed at $59.51.
Ark's aggressive accumulation of Bullish shares began on the day of the company's market debut, with over 2.5 million shares distributed across three ETFs. The firm has also continued its buying spree in Robinhood (HOOD), acquiring 150,908 shares worth $16.2 million. Robinhood has emerged as one of Ark's most consistent crypto-adjacent holdings, with purchases totaling $39 million over three consecutive trading days.
