
Cathie Wood’s Ark Invest Purchases Bullish (BLSH) Stock Despite 32% Crash
Bullish (BLSH) stock has dropped 32% since its IPO debut, with Cathie Wood’s Ark Invest seizing a buy-the-dip opportunity.
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Bullish (BLSH) stock has dropped 32% since its IPO debut, with Cathie Wood’s Ark Invest seizing a buy-the-dip opportunity.
Ark Invest doesn’t hesitate to join the race in purchasing the newly launched Bullish stock.
ARK Invest acquired 262,463 shares of Jack Dorsey’s Block Inc. (NYSE: XYZ), coinciding with the latter’s recent push towards Bitcoin (BTC) adoption.
ARK Invest has recently offloaded shares of Coinbase (COIN) and Block (XYZ) across its active ETFs.
Ark Invest sold off $6.5 million worth of Coinbase shares, $5.8 million Robinhood shares, and $1.7 million Block Inc. shares amid a broader crypto market rally.
ARK Invest has trimmed its Circle holding by selling off $51.8 million worth of these shares across its 3 actively managed ETFs.
ARK Invest bought a $9.4 million stake in eToro as the Israel-based company made its debut on Nasdaq via IPO.
Ark Invest, the Cathie Wood-owned asset management firm has taken a new position in Coinbase Shares, following heavy stock market selloff.
ARK Invest has stacked new Coinbase shares as it dropped its Bitcoin ETF assets in the latest portfolio rebalancing effort.
Ark Invest is on track to lose its long-standing digital assets lead Yassine Elmandjra.
ARK Invest CEO Cathie Wood sees better crypto regulatory regime under Donald Trump in a development many crucially sought after.
The trade involved shares from two of ARK’s major funds.
The latest purchase brings Ark’s total holdings in Coinbase to approximately $67 million, representing 7.43% of the fund’s value.
Ark Invest’s recent decision to reduce its Bitcoin ETF holdings seems aimed at maintaining portfolio balance, not signaling reduced faith in Bitcoin.
Since this year began, ARK Invest has initiated multiple offloads of COIN shares. Right before it presented ìs Q2 earnings reports, the company offloaded 12,077 Coinbase shares worth $2.7 million.