ARK Invest scoops $10M in Bullish as it hits record low amid crypto stock rout

ARK Invest scoops $10M in Bullish as it hits record low amid crypto stock rout

Crypto-related stocks experienced a sharp decline on Monday as risk assets broadly sold off, with exchanges and miners leading the downturn. Investors appeared cautious amid ongoing market volatility, pushing several major crypto equities to lower levels. The sell-off reflected broader concerns over the sector, as trading platforms and mining companies were hit hardest, dragging overall sentiment down.

Amid this market turbulence, ARK Invest made a notable move by purchasing Bullish (BLSH) shares, investing roughly $10.2 million across three of its ETFs. The timing is significant, as the stock hit a new low just ahead of Bullish’s third-quarter earnings report scheduled for Wednesday. ARK’s investment signals confidence in the company despite near-term volatility.

Market moves and ARK’s allocations

ARK’s daily trade disclosure showed three funds adding Bullish: ARKK bought 191,195 shares, ARKW acquired 56,660, and ARKF picked up 29,208. At Monday’s close of $36.75, the combined outlay is about $10.2 million. BLSH is down ~46% over six months and set a fresh 52-week low of $36.02 this week. TradingView+2Investing.com+2

Why ARK Invest buys Bullish shares now

Bullish, backed by investors including Peter Thiel, reported Q2 2025 adjusted revenue of $57.0 million and net income of $108.3 million, and guided Q3 adjusted revenue to $69–$76 million. Management also highlighted progress on U.S. market expansion after securing a New York BitLicense. ARK’s buy arrives a day before Q3 results on Nov. 19, 2025.

Crypto equities under pressure

Crypto-linked names have slumped alongside recent weakness in digital assets. Brokerages and exchanges tied to trading activity such as Coinbase have been among the laggards, while miners have also retreated. Broader coverage Monday noted steep weekly declines across the group.

Portfolio context: ARK Invest buys Bullish shares within a drawdown

ARK has been active in crypto-adjacent equities this month, adding Bullish and other names on weakness. The move suggests a buy-the-dip posture into earnings and potential catalysts, though near-term price action remains volatile.

Context & Analysis

 ARK’s allocation increases exposure to an exchange operator with improving profitability but falling shares. With Q3 results imminent and sector sentiment soft, position sizing and risk controls are central. Watch for updates on U.S. spot trading traction and revenue mix; guidance versus September’s outlook ($69–$76M adjusted revenue) will be a key read-through.

Conclusion

ARK Invest’s purchase of roughly $10.2 million in Bullish shares highlights its strong conviction in the company, even as the broader crypto sector faces weakness. The move comes at a time when crypto stocks are under pressure, signaling ARK’s confidence in Bullish’s underlying business and growth prospects.

Investors will closely watch Bullish’s third-quarter earnings and guidance, set for November 19, to gauge the company’s revenue momentum and progress on U.S. expansion. The results will provide insight into whether Bullish can sustain growth amid challenging market conditions and validate ARK’s recent investment strategy.

FAQs

Q : Why did ARK Invest buy BLSH now?

A : Ahead of Bullish’s Q3 report and after a steep drawdown, ARK added exposure to a profitable exchange operator.

Q : How much did ARK Invest buy?

A : About 277,063 total shares (~$10.2M) across ARKK, ARKW and ARKF.

Q : What is Bullish’s latest price action?

A : BLSH closed at $36.75 Monday, near a 52-week low of $36.02.

Q : When are Bullish’s Q3 results?

A : Nov. 19, 2025 (Wednesday).

Q : How did crypto stocks perform Monday?

A : Sector-wide weakness persisted, with exchanges and miners declining alongside crypto prices.

Q : Is Bullish profitable?

A : Yes, Q2 2025 net income was $108.3M; adjusted revenue was $57.0M.

Q : Does this mean ARK is bullish on crypto?

A : It indicates ARK’s conviction in specific equities like BLSH despite volatility, not a guarantee of sector performance.

Facts

• Event
  ARK Invest buys Bullish shares during crypto-stock selloff

• Date/Time
  2025-11-18T14:00:00+05:00

• Entities
  ARK Invest; ARK Innovation ETF (ARKK); ARK Next Generation Internet ETF (ARKW); ARK Fintech Innovation ETF (ARKF); Bullish (BLSH)

• Figures
  $10.2M purchase; 191,195 (ARKK), 56,660 (ARKW), 29,208 (ARKF) shares; BLSH $36.75 close; 52-week low $36.02; Q2 adj. revenue $57.0M; Q2 net income $108.3M; Q3 earnings Nov. 19, 2025. Yahoo Finance+4TradingView+4Investing.com+4

• Quotes
  (No direct quotes in filings/coverage used.)

• Sources
  TradingView/Cointelegraph; Investing.com; Bullish press release