Ark Invest Doubles Down, Buys $37M in Robinhood and Bullish Amid Crypto Slump

Cathie Wood’s Ark Invest capitalized on a market downturn Tuesday, purchasing $21.2 million in Bullish (BULL) and $16.2 million in Robinhood (HOOD) through its ARK Innovation ETF (ARKK). This buying spree continued despite both stocks closing sharply lower.

The move represents Ark’s third consecutive day of accumulating Robinhood shares, bringing its total investment this week to nearly $40 million. The firm also recently acquired $172 million in Bullish stock following its NYSE debut last week.

On Tuesday, Bullish fell 6.1% to $59.51, while Robinhood dropped 6.5% to $107.50, with both declining further in after-hours trading.