ARK Invest boosted its exposure to crypto-related equities on Thursday, adding roughly $18 million in new positions. The purchases included $2 million worth of shares in digital asset exchange Bullish (BLSH).
According to a disclosure circulated Friday, the St. Petersburg, Florida-based firm also acquired $12 million in stock of retail trading platform Robinhood (HOOD) and invested $4 million in ether treasury company Bitmine Immersion Technologies (BMNR).
The latest allocation marks ARK’s 10th straight session purchasing shares of Bullish, which is the parent company of CoinDesk. Bullish stock edged down 0.53% to close at $31.71 on Thursday.
Shares have recovered from a Feb. 5 low near $24 and have hovered around the $30 level over the past week, though they remain more than 16% lower year-to-date.
Robinhood declined 8.9% to finish at $71.12 amid a broader sell-off in U.S. technology stocks, a move that also weighed on Bitcoin. In contrast, Bitmine bucked the trend, climbing 1.39% to close at $19.74.
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