Cathie Wood's Ark Invest Buys $21.2M of Bullish Shares and $16.2M Robinhood Shares
Cathie Wood's Ark Invest has significantly increased its investment in the crypto exchange operator Bullish, now holding 1,165,397 shares valued at around $73.85 million through its ARK Innovation ETF. On August 19, Ark purchased an additional 356,346 Bullish shares valued at approximately $21.2 million. This move follows Ark's earlier purchase of over 2.5 million shares across three ETFs during Bullish's initial trading day. Moreover, Ark Invest has continued its buying trend in Robinhood, acquiring 150,908 shares worth about $16.2 million, following previous investments totaling $14 million on Monday and $9 million on Friday. These actions highlight Ark's growing confidence in both companies as part of its strategic positioning within the evolving market.
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