ARK Invest adds $23.5M in crypto stocks BitMine and Bullish, reinforcing confidence in blockchain, Ethereum, and digital asset markets.
ARK Invest, led by Cathie Wood, has once again shown strong confidence in the crypto sector. The investment firm purchased over $23.5 million worth of crypto-related stocks across three of its actively managed ETFs. These purchases included stocks of BitMine Immersion Technologies and the crypto exchange Bullish. The move shows ARK’s growing interest in companies connected to blockchain technology and digital assets.
ARK Invest Expands Crypto Stocks With Bullish and BitMine Stakes
According to trade disclosures, ARK’s Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF) bought a total of more than 387,000 shares of BitMine and 144,000 shares of Bullish. Significantly, the largest investment was by ARKK, which purchased more than 257,000 shares of BitMine and more than 81,000 shares of Bullish. The remaining shares were split between ARKW and ARKF.
Related Reading: Bitmine Expands Ethereum Holdings with $64.7 Million Purchase | Live Bitcoin News
BitMine is one of ARK’s focuses for the year 2025. The company holds the largest Ethereum treasury, managing more than 1.87 million ETH. ARK had already bought $15.6 million worth of BitMine shares in late August, and this latest purchase signal another vote of confidence in the company’s role in the Ethereum ecosystem.
Meanwhile, the investment in Bullish is part of a larger trend as well. Bullish is a rising Crypto exchange that went public in August 2025. ARK was one of its early supporters, having invested $172 million into the platform during the IPO. By pushing more shares now, ARK is doubling down on its bullish view of crypto exchanges and infrastructure to support trading in digital assets.
ARK Invest Shifts from Growth Tech to Crypto Exposure
Alongside these crypto-centric purchases, ARK also made some changes to the firm’s overall portfolio. The firm scaled back its positions in a number of tech companies with high growth rates, such as DraftKings, Roku and Roblox. This shift could be a way to rebalance in a manner that’s more conducive to crypto-related equities as a way to place a large bet on blockchain adoption.
This series of crypto investments is in line with ARK’s viewpoint that equity exposure to crypto has room to grow even as regulators delay their spot ETF approvals. Unlike Bitcoin or Ethereum ETFs that depend on regulatory green lights, public companies with a crypto tie offer immediate exposure without restrictions. This gives ARK Invest flexibility to invest in the crypto economy without waiting for new products to be approved.
As of 2025, the trend is in favor of what ARK is doing with wider institutional investors: Reports show that 71% of large institutions now have digital assets in their portfolios. Ethereum, in particular, is gaining traction not only as an asset, but as an important component of tokenization, smart contracts, and decentralized finance (DeFi). With this in mind, ARK’s recent moves would seem well-aligned to long-term trends.
As Cathie Wood continues to endorse blockchain infrastructure and ETH-based companies, ARK’s approach is making waves throughout both Wall Street and the crypto industry.
