Ark Invest buys $12.5 million of Bullish stock in four days

Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies. May 22, 2026, 10:45 a.m. 1 min readMake preferred on Ark Invest bought $5 million worth of Bullish (BLSH) stock on Thursday, the fourth day in a row it has added BLSH shares to its exchange-traded funds (ETFs).Cathie Wood's investment manager has purchased $12.5 million worth of shares in the crypto group, which is also CoinDesk's parent company, since Monday based on the stock's closing prices, according to emailed disclosures.BLSH shares closed 0.2% lower at $35.96 on Thursday, having fallen more than 17% in the last two weeks, a period in which bitcoin BTC$77,341.59 struggled to break above the $80,000 resistance. Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies.More For YouBitcoin holds between $76,000 and $78,000 while AI tokens and HYPE surge; derivatives signal calm conditions with volatility selling dominating options markets.What to know: AI tokens NEAR (+28.5%) and FET (+11.4%) led Friday's altcoin action as speculative flows rotated out of privacy coins DASH, ZEC and XMR, which shed much of their early-week gains.HYPE hit a record high after rallying ~60% since Tuesday, driven by heavy short liquidations and institutional demand following the...Read full story