Ark Invest Increases Stake with $21.2M in Bullish and $16.2M in Robinhood Shares
Cathie Wood's Ark Invest has increased its stake in crypto exchange operator Bullish (BLSH). The ARK Innovation ETF (ARKK) now holds 1,165,397 shares valued at approximately $73.85 million.
- Ark added 356,346 Bullish shares on Aug. 19 for about $21.2 million.
- This purchase follows an earlier allocation of over 2.5 million shares across three ETFs on Bullish’s debut.
- Bullish is the owner of CoinDesk.
Additionally, Ark Invest purchased 150,908 shares of Robinhood (HOOD) worth around $16.2 million, marking the third consecutive trading day of increasing its position.
- Recent buys include $14 million on Monday and $9 million on Friday.