ARK Invest’s Crypto Exposure Tops $2.15B as Bullish Holdings Rise Across 3 Funds
Cathie Wood’s ARK Invest expanded its crypto bets again this week, increasing its stake in exchange Bullish by more than 105,000 shares, worth about $5.3 million.
The purchase, spread across ARK’s three actively-managed ETFs — ARKK, ARKW and ARKF — brings ARK’s total position in Bullish, CoinDesk’s parent company, to roughly 2.27 million shares, valued at $114 million at the closing price on Friday of $50.57 per share.
The investment deepens ARK’s push into digital asset infrastructure, an area the firm has been allocating to over time, including when Bullish went public via a $1.1 billion IPO earlier this year.
That initial offering included ARK as a day-one investor with $172 million in backing. Bullish now makes up 0.94% of…
