Ark Invest Doubles Down on Bullish Stake Amid Crypto Market Turbulence

Cathie Wood's Ark Invest has amplified its conviction in Bullish, the Peter Thiel-backed cryptocurrency exchange, with an additional $11.98 million investment. This move expands Ark's total position to over $209 million since Bullish's NYSE debut in August. The allocation now represents 1.18% of ARKF, 0.98% of ARKW, and 0.97% of flagship fund ARKK.

Despite Bullish shares plunging 47.48% year-to-date—including a 22% monthly drop—Ark's latest acquisition signals unwavering confidence. The firm distributed 238,346 new shares across three ETFs: ARKK absorbed 164,214 shares, ARKW took 49,056, and ARKF added 25,076. Market skepticism persists as Bullish slid another 10.74% this week, hitting $49.05 in pre-market trading.

The exchange's new options product garnered $82 million in its first five days, with liquidity from Wintermute and FalconX. Bullish allows cross-portfolio collateralization—a feature increasingly critical as institutional crypto adoption weathers volatility storms.