Ark Invest Buys $37M in Bullish, Robinhood Amid Stock Declines

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Cathie Wood’s Ark Invest made significant purchases in two crypto-linked stocks on Tuesday as their prices fell.

The firm bought $21.2 million in shares of crypto exchange Bullish and $16.2 million in trading platform Robinhood through its flagship ARK Innovation ETF (ARKK).

This continues a buying pattern for Ark, marking its third consecutive day of acquiring Robinhood stock. The move follows a major investment last week where Ark purchased $172 million of Bullish stock across three ETFs after its NYSE debut.

Both stocks closed down over 6% on Tuesday and continued to slip in after-hours trading.