Cathie Wood’s Ark Invest is doubling down on crypto, even as the market dips. On August 19, 2025, they bought a hefty chunk of Bullish and Robinhood stock.
A $37 Million Crypto Infusion
Ark Invest’s flagship fund, ARKK, splashed out $21.2 million on Bullish and $16.2 million on Robinhood. That’s a lot of money! This adds to their already significant holdings in both companies. In fact, this was the third day in a row they bought more Robinhood stock.
This shows Ark Invest believes in these companies’ future in the digital finance world, even with recent market turbulence.
Market Dip, But Ark Remains Bullish
Despite Ark’s big purchases, both Bullish and Robinhood stock prices dropped significantly that day. This wasn’t just limited to these two companies; many other crypto-related stocks also took a hit. The overall market wasn’t doing great either, with the Nasdaq falling. This downturn was likely influenced by upcoming Federal Reserve announcements.
A Long-Term Vision for Crypto
Ark’s investment in Bullish is particularly interesting. They already put $172 million into Bullish last week after its New York Stock Exchange debut. Now, they hold over 1.1 million shares, showing a huge commitment to the platform’s future.
Ark also continues to hold a significant stake in Robinhood, now representing over 4% of ARKK’s portfolio. This demonstrates a belief in Robinhood’s long-term potential despite short-term price fluctuations.
A Contrarian Play?
Ark’s strategy is a contrarian one. While many investors are selling off crypto-related stocks, Ark is buying. This suggests confidence in the long-term growth of the crypto market and the increasing institutional adoption of cryptocurrencies. They’re betting that as the market shakes out, they’ll be well-positioned to profit from a rebound. Is this a risky gamble, or a smart long-term play? Only time will tell.