Cathie Wood’s ARK Invest further expanded its crypto bets this week, increasing its stake in exchange 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 approximately 2.27 million shares, valued at $114 million at Friday’s closing price of $50.57 per share.
This investment strengthens ARK’s presence in digital asset infrastructure, an area the company has dedicated itself to over time, including when Bullish went public via a $1.1 billion IPO earlier this year.
This initial offering included ARK as a day one investor with $172 million in backing. The bull now represents 0.94% of ARKK, 0.95% of ARKW and 1.15% of ARCF. But it’s part of a much larger crypto footprint.
Across the three ETFs, ARK’s combined exposure to blockchain and crypto-related companies including Coinbase, Robinhood, Circle and miner BitMine, as well as crypto ETFs, now totals more than $2.15 billion. To make room, ARK reduced its stakes in traditional tech names like Palantir and Shopify.
ARKF leads with 29% of its portfolio allocated to crypto-related assets, followed closely by ARKW at 25.7% and ARKK at 17.7%, based on company filings.
This exposure comes through major holdings in Coinbase (over $675 million across all three funds), Robinhood and stablecoin issuer Circle, as well as products linked to ether and solana staking through ETFs like ETHQ/U and SOLQ/U.
