ARK Invest Expands Crypto Holdings with Bullish and Robinhood Purchases Amid Market Dip

ARK Invest capitalized on a market downturn to bolster its positions in Bullish and Robinhood, signaling confidence in crypto-related equities. The firm's flagship Innovation ETF (ARKK) acquired 356,346 Bullish shares worth $21.2 million, elevating its total stake to over 1.16 million shares valued at $73.85 million. Bullish, which raised $1.1 billion in its recent IPO, saw its shares surge 215% intraday before settling lower.

ARK also continued its Robinhood buying spree, adding 150,908 shares for $16.2 million—marking the third consecutive day of accumulation. The moves come as both stocks fell more than 6% on August 19, presenting what ARK treated as a buying opportunity. These strategic additions underscore institutional appetite for crypto-adjacent assets despite short-term volatility.