Ark Invest Boosts Bullish and Robinhood Positions With Over $37M in Fresh Buys
Cathie Wood’s Ark Invest has increased its exposure to key crypto-related equities, adding over $37 million in combined purchases of Bullish (BLSH) and Robinhood (HOOD), according to its latest ETF disclosures.
On August 19, Ark’s ARK Innovation ETF (ARKK) acquired 356,346 shares of Bullish, valued at approximately $21.2 million based on the closing price of $59.51. This raises ARKK’s total Bullish stake to 1,165,397 shares—worth an estimated $73.85 million.
The purchase adds to Ark’s substantial allocation of more than 2.5 million Bullish shares across three ETFs on the exchange’s trading debut, which was valued at over $170 million at the time.
Bullish is the parent company of CoinDesk.
Ark also expanded its position in Robinhood, buying 150,908 shares for around $16.2 million at Tuesday’s close of $107.50. This marks the third consecutive trading day of Robinhood accumulation, following purchases of $14 million on Monday and $9 million last Friday.
Robinhood remains one of Ark’s core crypto-adjacent holdings, reinforcing the firm’s continued conviction in platforms positioned at the intersection of fintech and digital assets.
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