Cathie Wood’s Ark Invest Buys More Bullish as Crypto Stocks Rally

CN
5 hours ago

Cathie Wood’s Ark Invest continued to build its position in crypto exchange operator Bullish on Monday, purchasing additional shares as equity markets staged a broad-based rally.

According to Ark’s daily trading disclosures, the firm acquired 57,164 shares of Bullish across three of its exchange-traded funds. The purchase was valued at approximately $1.83 million based on Bullish’s closing price. The move follows a much larger buy on Friday, when Ark picked up 393,057 Bullish shares worth roughly $10.8 million.

That same day, Ark trimmed its exposure to Coinbase, selling about $22.2 million worth of the crypto exchange’s stock, signaling a continued rebalancing within its digital asset equity portfolio.

Bullish shares surged 16.76% on Monday to close at $32.05, outperforming many peers as risk appetite returned to equity markets. Coinbase shares also moved higher, gaining 1.29% to $167.25. Other crypto-related stocks participated in the rally, with Circle climbing 5.36% and Bitmine advancing 4.79%.

The strength in crypto equities mirrored a broader market upswing. The Dow Jones Industrial Average edged up 0.04% to reach a new record high, while the Nasdaq Composite rose 0.9%. The S&P 500 added 0.47% on the day, reflecting renewed momentum in growth and technology-linked stocks.

Read more: Cathie Wood Warns Gold Bubble as as M2 Ratio Hits Extremes

Ark Invest has remained an active trader in the crypto equity space, frequently adjusting allocations in response to market conditions and longer-term views on digital asset infrastructure. The firm’s growing exposure to Bullish suggests confidence in the exchange’s positioning as competition among crypto trading platforms intensifies.

While Ark has not publicly commented on the latest purchase, the recent trades highlight the firm’s willingness to rotate capital within the sector as valuations and market leadership shift.

  • Why did Ark Invest buy Bullish shares?
    Ark appears to be increasing exposure to crypto infrastructure amid improving market sentiment.
  • How much Bullish stock did Ark buy recently?
    Ark purchased about $12.6 million worth of Bullish shares across Friday and Monday.
  • Did Ark sell other crypto stocks?
    Yes, Ark sold roughly $22.2 million in Coinbase shares on Friday.
  • How did Bullish stock perform?
    Bullish jumped nearly 17% on Monday, outperforming most crypto-related equities.

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