Ark Invest Buys $21.2M of Bullish Shares and $16.2M Robinhood Shares

Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure. The update comes after Ark added 356,346 Bullish shares to ARKK on Aug. 19, a purchase worth about $21.2 million at the close of trading in New York, when the stock settled at $59.51 at close. The buy builds on Ark’s earlier allocation of more than 2.5 million shares spread across three ETFs on the day of Bullish’s debut. Bullish is the owner of CoinDesk. Ark also extended its buying spree in Robinhood (HOOD), purchasing 150,908 shares worth about $16.2 million at Tuesday’s close of $107.50. Robinhood has become one of Ark’s most consistent crypto-adjacent holdings, with Tuesday’s purchase marking the third straight trading day the firm added to its position, following $14 million in buys on Monday and $9 million on Friday. Read more: Bullish's $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market