ARK Invest’s Portfolio Skyrockets with $21.2M Bullish and $16.2M Robinhood Mega-Buys

ARK just dropped serious cash on crypto's rising stars—proving even traditional funds can't resist digital gold rush FOMO.

Bullish Gets the Big Bet

Dropping $21.2 million into Bullish isn't just a vote of confidence—it's a full-throated roar. ARK's betting the exchange platform will eat Wall Street's lunch while traditional brokers still figure out how blockchain works.

Robinhood's Crypto Come-Up

Another $16.2 million lands on Robinhood—because nothing says 'mainstream adoption' like a platform that made stock trading a game. They've pivoted from meme stocks to digital assets faster than you can say 'regulatory scrutiny.'

Portfolio on Steroids

These moves turbocharge ARK's exposure right as institutional money finally wakes up to crypto's potential—while traditional finance still debates whether Bitcoin is a currency or a collectible.

Because when your competitors are still filing paperwork for ETF approvals, sometimes you just buy the whole damn exchange.

ARK Invest’s portfolio expands Bullish holdings post-IPO

On August 19, ARK’s flagship Innovation ETF (ARKK) purchased 356,346 shares of Bullish, a buy valued at about $21.2 million based on the closing price of $59.51. This follows ARK’s earlier allocation of 2.53 million Bullish shares worth roughly $172 million across three ETFs on the exchange operator’s first trading day. As a result of these latest trades, ARKK now holds over 1.16 million Bullish shares, valued at approximately $73.85 million.

For context, Bullish raised $1.1 billion in its IPO by selling 30 million shares at $37 each. The stock debuted strongly, climbing as much as 215% intraday to $118 before settling lower.

Robinhood buys continue for 3rd straight day

ARK Invest also added to its Robinhood Markets (HOOD) position, acquiring 150,908 shares worth about $16.2 million at Tuesday’s closing price of $107.50. The purchase marks the 3rd consecutive trading day of buying, after spending $9 million on Friday and $14 million on Monday.

Robinhood, a consistent ARK holding, has seen active adjustments in recent years. The firm previously sold down parts of its position in 2024 to remain compliant with SEC Rule 12d3-1, which limits ETF ownership of securities linked to registered brokers or advisers to 5% of assets.

The latest purchases came against a backdrop of weakness in crypto equities, signaling that ARK Invest is treating the sell-off as an entry point. On Tuesday, both Bullish and Robinhood dropped over 6%, closing at $59.51 and $107.50, respectively.