Ark Invest Ramps Up Exposure to Bullish and Robinhood With Latest Strategic Buys
Cathie Wood’s Ark Invest has deepened its position in crypto-aligned equities, adding significant stakes in both Bullish (BLSH) and Robinhood (HOOD), according to the firm’s most recent ETF holdings report.
On August 19, Ark’s flagship ARK Innovation ETF (ARKK) purchased 356,346 shares of Bullish, worth roughly $21.2 million based on the stock’s closing price of $59.51. That brings ARKK’s total Bullish holdings to 1,165,397 shares, now valued near $73.85 million.
The latest addition builds on Ark’s major initial investment during Bullish’s market debut earlier this month, when the firm acquired over 2.5 million shares across three ETFs—an allocation valued at over $170 million at the time.
Bullish is the parent company of CoinDesk.
Ark also continued accumulating Robinhood shares, purchasing 150,908 shares on Tuesday for approximately $16.2 million. That marks the third consecutive trading day of buys in the brokerage stock, following $14 million in purchases on Monday and $9 million last Friday.
Robinhood has become one of Ark’s most consistent crypto-adjacent positions, reflecting the firm’s broader thesis around the convergence of traditional fintech and digital asset adoption.
