Cathie Wood’s ARK Doubles Down on Crypto With $8M Bullish Stock Buy
TL;DR
- Cathie Wood’s ARK Invest purchased more than 160,000 shares of Bullish worth $8.21 million, strengthening its exposure to crypto equities.
- The firm now holds over $129 million in Bullish stock across three ETFs.
- Despite recent price drops and mixed analyst sentiment, ARK continues to accumulate crypto-related positions.
ARK Invest has increased its position in crypto exchange Bullish by purchasing over 160,000 shares valued at $8.21 million, according to Tuesday’s regulatory filing. The shares were added to two of ARK’s flagship funds, with the ARK Innovation ETF acquiring 120,609 shares and the ARK Next Generation Internet ETF securing 40,574. This latest move brings ARK’s overall Bullish stake to more than $129…
