Ark Invest Buys Bullish and Robinhood Shares Despite Market Drop
Crypto stocks may have been sliding on Tuesday, but Ark Invest wasn’t sitting on the sidelines. Instead, the firm doubled down, scooping...
Quick overview
- Ark Invest has made significant purchases of Bullish and Robinhood shares, totaling over $37 million, despite both stocks experiencing declines.
- This marks the third consecutive day Ark has increased its position in Robinhood, indicating strong confidence in the platform's growth potential.
- The broader crypto market is under pressure, with major stocks like Coinbase and Galaxy Digital also seeing losses, raising concerns about future performance.
- Ark's strategy suggests a belief that current market weaknesses present opportunities for long-term gains in both Bullish and Robinhood.
Crypto stocks may have been sliding on Tuesday, but Ark Invest wasn’t sitting on the sidelines. Instead, the firm doubled down, scooping up millions of dollars worth of Bullish and Robinhood shares. The move came even as both stocks closed sharply lower, raising the question: is Ark seeing opportunity in the dip?
Ark’s Fresh Purchases
In its latest filing, Ark disclosed that its flagship ARK Innovation ETF (ARKK) bought 356,346 shares of Bullish worth $21.2 million and 150,908 shares of Robinhood valued at $16.2 million. Yet despite the buys, both stocks had a rough day. Bullish closed down 6.09% at $59.51 and dropped another 3.24% after hours. Robinhood slid 6.54% to $107.50 and slipped a further 1.23% late in the session.
Cathie Wood and Ark Invest bought 150,908 more shares of Robinhood $HOOD today https://t.co/DnsTco6hzJ
— Ark Invest Daily (@ArkkDaily) August 20, 2025
This was also the third straight day Ark added to its Robinhood position. On Monday, it bought $14 million worth, and on Friday, another $9 million. Meanwhile, its interest in Bullish has been far bigger. Just last week, Ark spent $172 million across three ETFs on the exchange’s first day of trading on the New York Stock Exchange. That raises another question: does Ark see Bullish as one of the strongest plays in crypto right now?
Crypto Stocks Dropped
The timing of these buys stood out because the entire sector was under pressure. Coinbase sank 5.82%, Galaxy Digital dropped 10.06%, Strategy fell 7.43%, and Circle slipped 4.49%. Even the broader Nasdaq Composite lost 1.46%, showing that weakness wasn’t limited to crypto.
Last week, hopes of rate cuts had fueled a pullback across digital asset stocks. Now, attention turns to the Federal Reserve’s Jackson Hole meeting. Will Chair Jerome Powell hint at softer policy that could revive risk assets, or will markets face more downside pressure?
Bullish’s IPO Story
Bullish has been in the spotlight since its IPO earlier this month. The company raised $1.15 billion by selling 30 million shares at $37 each. The debut was dramatic: shares opened at $90, climbed to $118 intraday, and closed nearly 84% higher than the IPO price. They even gained further after hours before settling lower this week.
Bullish has arranged to receive $1.15 billion of proceeds from its recently completed initial public offering in stablecoins, which represents a historic step for the use of stablecoins in an initial public offering in the United States.https://t.co/hh9i22RS9I
— Bullish (@Bullish) August 19, 2025
Even with the pullback, Ark kept buying. Even with the pullback, Ark kept buying. ARKK now holds more than 1.1 million Bullish shares. This shows the firm still sees Bullish playing a big role in the digital asset market. Could Ark be turning weakness into opportunity? it seems so!
Robinhood is Under ARK’s Radar
ARK has also kept its focus on Robinhood. It might be because, the stock is up over 200% this year and almost 5% in the past month. The platform serves about 20 million mostly younger users and manages $298 billion in assets. It has also launched Cortex, an AI tool that gives real-time insights. At the same time, its robo-advisory service now manages $12 billion.
Robinhood is also moving into institutional services. It bought Bitstamp and WonderFi to expand into custody, staking, and crypto trading. However, regulatory hurdles remain. Earlier this year, it paid $45 million to settle a case with the SEC. Still, Ark’s buying suggests it believes Robinhood can handle these challenges while growing its business.
For Ark, the goal seems clear. The firm is not stepping back during sell-offs. Instead, it is using the dips to build positions. Both Bullish and Robinhood sit at the center of crypto, finance, and AI. The question now is simple: will these bold bets pay off in the next stage of digital finance?
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