ARK Invest has continued to use weakness in digital asset markets as a buying opportunity, often increasing exposure to crypto-linked equities when broader downturns drag valuations lower.
The firm added another $5 million worth of Bullish shares on Thursday, marking the fourth consecutive trading day of purchases across its exchange-traded funds (ETFs). The latest move extends a steady accumulation streak in the stock.
Since Monday, ARK has built a cumulative position of approximately $12.5 million in Bullish, based on closing prices and disclosed ETF activity. The exchange operator is also the parent company of CoinDesk.
Despite the consistent inflows, Bullish shares closed slightly lower on Thursday, slipping 0.2% to $35.96. Over the past two weeks, the stock has fallen more than 17%, tracking broader weakness across crypto markets as Bitcoin struggled to reclaim the $80,000 level.
The recent buying pattern highlights ARK’s typical strategy of leaning into volatility-driven selloffs, particularly when crypto equities are pressured by downturns in digital assets.
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