TLDR
- Cathie Wood’s Ark Invest purchased $10.2 million worth of Bullish shares across three ETFs.
- The ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF were involved in the purchase.
- Bullish’s stock dropped 4.5% to $36.75 on Monday, but Ark Invest proceeded with its acquisition.
- Ark Invest has been consistently increasing its crypto-related exposure throughout 2025.
- Bullish reported a decrease in revenue, from $67 million to $57 million, in the second quarter.
Cathie Wood’s Ark Invest continued its push into the crypto space by purchasing $10.2 million worth of Bullish shares. The firm acquired three of its exchange-traded funds (ETFs). This comes after Bullish’s stock fell 4.5% to $36.75 on Monday.
Ark Invest Buys Bullish Shares Across Three ETFs
Ark Invest’s ARK Innovation ETF (ARKK) bought 191,195 shares of Bullish, while the ARK Next Generation Internet ETF (ARKW) purchased 56,660 shares. The ARK Fintech Innovation ETF (ARKF) added 29,208 shares of Bullish. This move is part of Ark’s ongoing strategy to increase its exposure to the cryptocurrency sector.
Cathie Wood’s firm has been consistently expanding its crypto investments in 2025. The purchases come as Bullish prepares to report its third-quarter earnings. Despite the dip in Bullish’s stock price, Ark remains optimistic about the company’s future.
Bullish’s Performance Amid Ark’s Investments
Bullish, the crypto exchange backed by Peter Thiel, has faced a challenging year. In its second-quarter report, the exchange posted $57 million in adjusted revenue. This is down from $67 million in the same period last year. However, Bullish reported a net income of $108.3 million, a stark contrast to the $116.4 million net loss in the prior year.
Despite these fluctuations, Bullish remains a key player in the crypto space. The exchange surpassed $1.5 trillion in cumulative trading volume since late 2021. Bullish also launched spot trading in the U.S. earlier this year after securing a crucial New York license.
Ark’s Broader Crypto Investments
Ark Invest has made other crypto-related moves recently, including buying shares of Circle and BitMine. Last week, it acquired $7.28 million in Bullish, $15.56 million in Circle, and $8.86 million in BitMine. Cathie Wood’s firm is clearly positioning itself as a significant investor in the digital asset market.
Ark’s aggressive approach to crypto investments reflects its belief in the sector’s long-term potential. The firm’s purchases show its confidence in the future of digital currencies and blockchain technologies. Despite market volatility, Ark continues to see value in expanding its portfolio with crypto-focused assets.
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