Cathie Woodâs Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firmâs latest holdings disclosure.
The update comes after Ark added 356,346 Bullish shares to ARKK on Aug. 19, a purchase worth about $21.2 million at the close of trading in New York, when the stock settled at $59.51 at close. The buy builds on Arkâs earlier allocation of more than 2.5 million shares spread across three ETFs on the day of Bullishâs debut.
Bullish is the owner of CoinDesk.
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Ark also extended its buying spree in Robinhood (HOOD), purchasing 150,908 shares worth about $16.2 million at Tuesdayâs close of $107.50.
Robinhood has become one of Arkâs most consistent crypto-adjacent holdings, with Tuesdayâs purchase marking the third straight trading day the firm added to its position, following $14 million in buys on Monday and $9 million on Friday.
** Read more:Bullish’s $1.15B in IPO Proceeds Was Entirely in StablecoinsâA First for Public Market**
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