Ark Invest Adds $37M to Crypto Exposure With Fresh Buys in Bullish and Robinhood
Cathie Wood’s Ark Invest has expanded its positions in Bullish (BLSH) and Robinhood (HOOD), allocating a combined $37.4 million to the crypto-adjacent equities in its latest portfolio moves.
According to Ark’s updated holdings disclosure, the ARK Innovation ETF (ARKK) purchased 356,346 shares of Bullish on August 19, a buy valued at approximately $21.2 million based on the day’s closing price of $59.51. ARKK now holds 1,165,397 shares of Bullish, worth $73.85 million, deepening the firm’s bet on the newly public crypto exchange operator.
The move builds on Ark’s initial allocation of more than 2.5 million shares across three ETFs on Bullish’s debut day, then worth over $170 million.
Bullish is also the parent company of CoinDesk.
In a parallel move, Ark continued its accumulation of Robinhood (HOOD) stock, purchasing 150,908 shares for about $16.2 million. The buy marks Ark’s third consecutive daily increase in Robinhood exposure, following $14 million in purchases on Monday and $9 million on Friday.
Robinhood remains one of Ark’s most consistent crypto-linked holdings, reflecting the firm’s conviction in platforms that bridge traditional brokerage with digital assets.
