ARK Invest has continued to lean into weakness across digital asset markets, using sector-wide pullbacks as opportunities to accumulate exposure to crypto-related equities.
On Thursday, the firm purchased an additional $5 million worth of Bullish shares, marking the fourth straight session of buying through its exchange-traded funds (ETFs). The consistent accumulation reflects an ongoing build-up in the stock during recent market softness.
Since the start of the week, ARK’s total purchases of Bullish shares have reached roughly $12.5 million, based on closing prices and disclosed ETF activity. Bullish, the crypto exchange operator and parent company of CoinDesk, has been a steady target of ARK’s recent allocations.
Despite the continued buying, Bullish shares ended Thursday slightly lower, slipping 0.2% to $35.96. Over the past two weeks, the stock has declined more than 17%, mirroring broader pressure across crypto equities as Bitcoin struggled to break through the $80,000 resistance level.
Overall, the pattern reinforces ARK’s typical approach of increasing exposure during crypto market drawdowns, when volatility tends to weigh on listed digital asset companies.
