ARK Invest buys dip: purchases $21M Bullish, $16M Robinhood shares
ARK Invest snapped up $21 million worth of Bullish and $16 million of Robinhood shares, extending its buying streak despite a sector-wide sell-off.
Cathie Wood’s ARK Invest doubled down on crypto-linked equities, scooping up shares of Bullish and Robinhood amid a broad sector sell-off.
According to Tuesday’s trade notifications, ARK Invest’s flagship ARK Innovation ETF (ARKK) purchased 356,346 shares of Bullish, valued at about $21.2 million, and 150,908 shares of Robinhood Markets, worth $16.2 million.
Last week, ARK Invest went big on Bullish, acquiring 2.53 million shares, worth $172 million, across three ETFs after the crypto exchange’s debut on the New York Stock Exchange.