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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.
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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