Cathie Wood’s ARK Invest expanded its crypto bets again this week, increasing its stake in the Bullish exchange by more than 105,000 shares, worth about $5.3 million.
The purchase, spread across ARK’s three actively managed ETFs (ARKK, ARKW and ARKF), brings ARK’s total position in Bullish, CoinDesk’s parent company, to approximately 2.27 million shares, valued at $114 million at Friday’s closing price of $50.57 per share.
The investment deepens ARK’s push into digital asset infrastructure, an area the company has been allocating to over time, even as Bullish went public via a $1.1 billion initial public offering earlier this year.
That initial offering included ARK as a day one investor with $172 million in backing. Bull now represents 0.94% of ARKK, 0.95% of ARKW, and 1.15% of ARKF. But it is part of a much larger crypto-linked footprint.
Across the three ETFs, ARK’s combined exposure to blockchain and cryptocurrency-related companies, including Coinbase, Robinhood, Circle and miner BitMine, in addition to cryptocurrency ETFs, now totals more than $2.15 billion. To make room, ARK has trimmed its stakes in traditional tech names like Palantir and Shopify.
ARKF leads with 29% of its portfolio allocated to cryptocurrency-related assets, closely followed by ARKW with 25.7% and ARKK with 17.7%, according to company filings.
That exposure comes through significant holdings in Coinbase (more than $675 million across all three funds), Robinhood, and stablecoin issuer Circle, as well as products tied to ether and solana staking through ETFs like ETHQ/U and SOLQ/U.
