Cathie Wood’s ARK Invest widened its crypto bets again this week, increasing its stake in Bullish 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 about 2.27 million shares worth $114 million at Friday’s closing price of $50.57 a share.
The investment deepens ARK’s push into digital asset infrastructure, an area the firm has been allocating to over time, including when Bullish went public via a $1.1 billion IPO earlier this year.
The initial offering included ARK as a Day-1 investor with $172 million in backing. Bullish now makes up 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 total exposure to blockchain and crypto-related companies, including Coinbase, Robinhood, Circle and miner BitMine, plus crypto ETFs now exceeds $2.15 billion. To make room, ARK has trimmed holdings in traditional tech names like Palantir and Shopify.
ARKF leads with 29% of its portfolio allocated to crypto-related assets, closely followed by ARKW at 25.7% and ARKK at 17.7%, based on company filings.
This exposure comes through large stakes in Coinbase (over $675 million across all three funds), Robinhood and stablecoin issuer Circle, as well as products linked to stakes of ether and solana through ETFs such as ETHQ/U and SOLQ/U.
