Overview
- Ark Invest bought 57,164 Bullish shares on Monday for about $1.83 million as the stock closed up 16.8% at $32.05.
- The latest buy follows two days of rotation in which ARK sold roughly $39 million of Coinbase shares and purchased more than $28 million of Bullish stock.
- Initial trades included 716,030 Bullish shares worth about $17.8 million on Thursday, followed by 393,057 more shares valued near $10.7 million on Friday.
- Bullish now represents about 1.68% of ARKK, 1.43% of ARKW, and 2.37% of ARKF, while Coinbase remains the larger holding in each fund.
- The shift comes during sharp crypto-market swings as Coinbase and Bullish remain down about 26–27% year to date despite single-day rallies and as Bitcoin rebounds toward the high $60,000s.