Ark Invest Splurges $21.2M on Bullish Shares and $16.2M on Robinhood – Crypto, Anyone?

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What you should know:

  • Ark Invest, never one to shy away from a juicy opportunity, has gone all-in on Bullish. The ARK Innovation ETF now boasts a hefty 1.1 million shares worth around $73.85 million. Talk about a crypto love affair!
  • On August 19, Ark splashed out $21.2 million, buying up a further 356,346 Bullish shares. Why? Because why not? 💸
  • Meanwhile, Ark’s obsession with Robinhood continues, grabbing 150,908 shares valued at $16.2 million. It’s the third consecutive day of Ark’s Robinhood binge. No, they’re not addicted. Not at all. 🙄

So, it turns out Cathie Wood’s Ark Invest is feeling the crypto vibe these days. The ARK Innovation ETF has increased its holdings in the crypto exchange Bullish (BLSH), now holding 1,165,397 shares worth an impressive $73.85 million. According to Ark’s latest public offering of its portfolio, this is no small feat. And let’s not forget, they had already dropped over 2.5 million shares of Bullish across three ETFs on the day Bullish made its grand debut. 🤑

Ark made a solid addition on August 19, purchasing another 356,346 Bullish shares for a total of $21.2 million, closing the day with a stock price of $59.51. Not bad for a Tuesday investment! 🙌

Just in case you didn’t know, Bullish is the proud owner of CoinDesk, in case you were wondering where your crypto news is coming from these days.

And don’t worry, Ark didn’t stop there. The firm added another 150,908 shares of Robinhood (HOOD), worth $16.2 million, to its ever-expanding crypto-adjacent collection. With this, Ark made it three days in a row of scooping up Robinhood shares-after dropping $14 million on Monday and $9 million on Friday. Guess they can’t get enough of that Robinhood action! 🤷‍♂️

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2025-08-20 07:33