“Flagship ETFs See Boost as ARK Invest Snaps Up $23.5M in BitMine and Bullish Shares”

Cathie Wood’s ARK Invest increased its crypto-focused equity holdings on Friday, spending over $23.5 million on shares of BitMine Immersion Technologies (BMNR) and crypto exchange Bullish, according to filings.

The purchases were executed across three of ARK’s actively managed ETFs — ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF) — which collectively added 387,000 BitMine shares and 144,000 Bullish shares. ARKK led the acquisitions, picking up 257,108 BitMine shares and 81,811 Bullish shares, while ARKW and ARKF split the remainder.

At the same time, ARK trimmed positions in DraftKings, Roku, Roblox, and chipmaker Teradyne.

BitMine, the largest ETH treasury firm, holds 1.87 million ETH worth more than $8 billion. Its shares fell 0.3% during Friday’s session and 1.17% in after-hours trading. Bullish, which debuted in August via a $1.1 billion IPO after abandoning a prior SPAC plan, rose 6% on Friday but dropped 1.5% in after-hours trading. ARK was a major buyer on its IPO day, purchasing $172 million in shares.

These moves reinforce ARK’s ongoing strategy to expand crypto-linked exposure while actively managing its broader portfolio.