In the shadow of the market’s despair, Cathie Wood’s ARK Invest dances with the devil, buying up crypto like a beggar clutching a coin. 🎭💸
With fresh bets on Bullish and Robinhood, the investment firm is signaling strong confidence in digital asset-related stocks even as the sector faces sharp declines. 🌩️📈
ARK Invest’s Gambit: A Dance with Bullish
On the 19th of August, Ark poured $21.2 million into Bullish, a move as bold as a thief in a cathedral. 🕍💰 This follows an earlier purchase of over 2.5 million shares, worth over $170 million across three Ark ETFs when Bullish first went public. 🧾💸
The ARK Innovation ETF (ARKK) now owns about 1.17 million shares, worth around $74 million. Bullish went public recently, raising $1.1 billion. 🏦💥
Cathie Wood and Ark Invest bought 150,908 more shares of Robinhood $HOOD today
– Ark Invest Daily (@ArkkDaily) August 20, 2025
Robinhood Remains a Strong Bet
Ark Invest also boosted its stake in Robinhood (HOOD), buying 150,908 shares for about $16.2 million. Notably, its Tuesday purchase was the third day in a row the firm added to its position, after $14 million in buys on Monday and $9 million on Friday. 🤖📈
Robinhood has long been a part of ARK’s portfolio. However, in 2024 the firm reduced part of its holdings to comply with SEC rules that cap how much an ETF can own in broker or adviser-related stocks. 🧴📉
ARKK Sees Record Inflows
ARKK ETF recently recorded its largest weekly inflow ever, with investors adding nearly $2.7 billion to the fund. Last month, Ark Invest announced plans for four new ETFs to limit losses in its ARK Innovation fund. Each fund runs quarterly and aims to protect against a 50% drop, while passing on gains above 5%. 📉📈
Cathie Wood took in record inflows of $3.7bn last week, including $2.8bn into $ARKK. “Record breaking single day hauls” since 2021, “Burning hot”.
Is this bullish or bearish?
– Wasteland Capital (@ecommerceshares) August 18, 2025
Crypto Stocks Slide
Crypto stocks fell sharply on Tuesday as investors pulled back from tech and riskier assets. ARK is using the dip as a chance to buy more. 🌧️📉
- Coinbase and eToro dropped over 5% and 6% – a symphony of despair. 🎻📉
- Robinhood and Bullish fell more than 6% – a funeral march for the brave. 🕯️📉
- Galaxy Digital tumbled 10% – a king’s fall. 🏰📉
- In the crypto treasury space, Strategy fell 7%, SharpLink Gaming 8%, Bitmine Immersion 9%, and DeFi Development 13%. A harvest of despair. 🍂📉
- Stablecoin issuer Circle also lost 4.5% – a fragile heart. ❤️📉
Meanwhile, bitcoin dropped nearly 3% to just over $113,000, and Ether fell more than 5% to around $4,100. 🏰📉
ARK Invest is using the downturn as an opportunity to build long-term positions. Will the strong conviction pay off? We’ll have to wait and see. 🕳️🔮
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FAQs
Why is ARK Invest buying more crypto stocks?
Because in the storm of chaos, Ark sees opportunity, not fear. 🌪️📈
How much of Bullish does ARK own now?
Following its latest purchase, the ARK Innovation ETF (ARKK) now holds approximately 1.17 million shares of Bullish, which are worth around $74 million at current valuations. 💰📈
How much did crypto-related stocks fall?
Falling like leaves in autumn, some stocks lost 10%, others 13%. A harvest of despair. 🍂📉
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2025-08-20 17:04