ARK Invest Boosts Positions in Bullish and Robinhood as Crypto Stocks Dip

ARK Invest significantly expanded its holdings in crypto companies Bullish and Robinhood on August 19th amidst recent dips in their stock prices. The firm added 356,346 Bullish shares worth $21.2 million to its portfolio, boosting its stake to over 1.16 million shares valued at $73.85 million. This follows a previous investment of $172 million across three ETFs on the exchange operator’s first trading day. These additions demonstrate ARK Invest’s confidence in these companies despite market declines.