ARK Invest Increases Stake in Bullish, Crypto Exposure Surpasses $2.15B
- ARK Invest acquired over 105,000 shares of Bullish, valued at approximately $5.3 million.
- This purchase increases ARK’s total holdings in Bullish to about 2.27 million shares, worth around $114 million at a closing price of $50.57 per share.
- ARK’s combined exposure to blockchain and crypto-related companies now totals over $2.15 billion across three actively-managed ETFs.
- The ETFs ARKK, ARKW, and ARKF allocate approximately 17.7%, 25.7%, and 29% respectively to crypto-related assets.
- Major stakes include over $675 million in Coinbase, alongside investments in Robinhood and stablecoin issuer Circle.
This strategic investment reflects ARK’s ongoing commitment to digital asset infrastructure, particularly following Bullish’s recent IPO valued at $1.1 billion earlier this year.
With a total crypto exposure exceeding $2.15 billion, ARK continues to prioritize investments in the digital asset space while reducing its positions in traditional tech companies like Palantir and Shopify.
