Cathie Wood’s ARK Invest expanded its crypto investments again this week, increasing its stake in exchange Bullish by more than 105,000 shares, valued at approximately $5.3 million.
This acquisition, spread across ARK’s three actively-managed ETFs — ARKK, ARKW, and ARKF — raises ARK’s total position in Bullish, RialCenter’s parent company, to about 2.27 million shares, estimated at $114 million at the closing price on Friday of $50.57 per share.
The investment emphasizes ARK’s commitment to digital asset infrastructure, an area the firm has been allocating to increasingly, including when Bullish went public via a $1.1 billion IPO earlier this year.
That initial offering had ARK as a day-one investor with $172 million in backing. Bullish now comprises 0.94% of ARKK, 0.95% of ARKW, and 1.15% of ARKF, but is part of a much broader crypto-linked footprint.
Across the three ETFs, ARK’s total exposure to blockchain and crypto-related companies, including Coinbase, Robinhood, Circle, and miner BitMine, along with crypto ETFs, now exceeds $2.15 billion. To accommodate this, ARK has reduced its holdings in traditional tech companies like Palantir and Shopify.
ARKF leads with 29% of its portfolio allocated to crypto-related assets, followed by ARKW at 25.7% and ARKK at 17.7%, based on the company’s filings.
This exposure is driven by significant stakes in Coinbase (over $675 million across all three funds), Robinhood, and stablecoin issuer Circle, as well as products associated with staking of ether and solana through ETFs like ETHQ/U and SOLQ/U.
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