Ark Invest, led by Cathie Wood, has expanded its exposure to crypto-linked firms, purchasing $21.2 million in Bullish shares and $16.2 million in Robinhood shares. According to its latest disclosure, Ark’s Innovation ETF now owns 1.16 million Bullish shares worth approximately $73.85 million. The move builds on Ark’s earlier investment in more than 2.5 million Bullish shares across three ETFs during the exchange operator’s recent IPO. Bullish, notably, is also the owner of crypto news platform CoinDesk.
Alongside Bullish, Ark continued to add Robinhood, buying 150,908 shares at $107.50 each on Tuesday. This marks the third consecutive trading day Ark has increased its Robinhood position, following $14 million in purchases Monday and $9 million Friday.
The aggressive buying highlights Ark’s long-term confidence in crypto-exposed firms, even as markets remain volatile. By doubling down on both an exchange operator and a retail trading platform, Ark is positioning itself for continued growth in digital asset adoption.
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