ARK Invest has continued to add exposure to crypto-related equities during periods of market weakness, treating broad digital asset pullbacks as opportunities to accumulate positions in the sector.
On Thursday, the firm bought an additional $5 million worth of Bullish shares, extending its streak of daily purchases to four consecutive sessions through its exchange-traded funds (ETFs). The steady buying suggests sustained conviction during recent price softness.
Since Monday, ARK has accumulated approximately $12.5 million in Bullish stock, based on closing prices and disclosed ETF filings. Bullish, which operates a crypto exchange and is also the parent company of CoinDesk, has seen consistent inflows from the asset manager this week.
Despite the ongoing accumulation, Bullish shares finished Thursday slightly lower, down 0.2% at $35.96. Over the past two weeks, the stock has dropped more than 17%, tracking broader weakness in crypto-linked equities as Bitcoin struggled to push through the $80,000 resistance zone.
The buying pattern underscores ARK’s recurring strategy of stepping in during crypto downturns, when volatility pressures valuations across listed digital asset companies.
