Cathie Wood’s ARK Invest stepped up its exposure to crypto-related public companies on Friday, adding sizeable positions in BitMine Immersion Technologies and crypto exchange Bullish across three actively managed ARK ETFs.
According to recent trade filings, the firm picked up a combined 387,000 shares of BitMine and 144,000 shares of Bullish, totaling just over $23.5 million at Friday’s close. The ARK Innovation ETF (ARKK) led the purchases, accounting for 257,108 BitMine shares and 81,811 Bullish shares, while the ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) split the remainder.
ARK also trimmed positions in several non-crypto names — including DraftKings, Roku, Roblox and chipmaker Teradyne — reallocating capital toward companies tied to blockchain infrastructure and exchange services.
Why this matters: BitMine is notable as a large corporate holder of ether, with reported holdings that make it one of the largest ETH treasuries. Bullish — the exchange that went public in August after a $1.1 billion IPO — drew investor attention earlier this year when ARK bought shares at the listing. These moves signal renewed ETF interest in firms directly tied to the crypto ecosystem and trading infrastructure.
Risk note: Purchases disclosed in filings reflect ARK’s portfolio decisions and are not investment advice. Equity positions in crypto firms can be volatile, influenced by token markets, regulatory shifts and exchange-specific risks.
Source: CoinDesk. Read the original coverage for full details.