Crypto Takes a Hit, ARK Invest Seizes Opportunity with $10M Optimistic Investment

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Crypto Takes a Hit, ARK Invest Seizes Opportunity with $10M Optimistic Investment

Bitget-RWA2025/11/19 01:16

By:Bitget-RWA

- ARK Invest bought $10.2M in Bullish shares on Nov 17, defying its 4.5% stock drop and six-month 46% decline. - Bullish reported $57M Q2 revenue (vs $67M prior) but turned $108. 3M profit after a $116.4M 2024 loss, ahead of its Nov 19 earnings. - The purchase aligns with ARK's strategy to accumulate crypto assets during downturns, following recent buys in Circle and BitMine. - Analysts debate crypto market bottoming, with Bitcoin's ETF outflows and Fed rate-cut uncertainty (52% chance in Dec) seen as key

On November 17, ARK Invest acquired $10.2 million worth of Bullish shares for three of its ETFs,

showing confidence in the crypto exchange

even as its stock price reached an all-time low during a widespread downturn in the crypto market. The

ARK Innovation ETF

(ARKK) picked up 191,195 shares, while the

ARK Next Generation Internet ETF

(ARKW) and

ARK Fintech Innovation ETF

(ARKF) bought 56,660 and 29,208 shares, respectively,

according to sources

. Bullish (BLSH) ended Monday down 4.5% at $36.75, having shed nearly 46% of its value over the last half-year

based on financial reports

. The purchase came just ahead of Bullish’s third-quarter earnings release,

set for November 19

Bullish, which counts billionaire Peter Thiel among its backers,

posted $57 million in adjusted revenue

for the second quarter of 2025, down from $67 million the previous year, but reported a net profit of $108.3 million—a sharp turnaround from a $116.4 million loss in Q2 2024. The exchange began offering U.S. spot trading in October after obtaining a crucial New York license,

a step that has contributed to over $1.5 trillion

in total trading volume since late 2021. Despite these milestones, Bullish’s shares have struggled along with other crypto-related stocks,

as Marathon Digital, Riot Platforms, and Coinbase have all seen declines

ARK’s move to buy Bullish shares is part of a broader approach of increasing crypto holdings during market slumps. The previous week, the company

acquired $7.28 million in Bullish stock

, in addition to $15.56 million in Circle and $8.86 million in BitMine.

Crypto Takes a Hit, ARK Invest Seizes Opportunity with $10M Optimistic Investment image 0

This is consistent with ARK’s pattern of investing during market dips,

such as its recent $46 million Circle purchase

when the stablecoin issuer’s shares dropped below $90. These actions demonstrate the firm’s belief in the long-term prospects of the industry, despite short-term swings caused by economic uncertainty and regulatory pressures

as market analysts note

Experts remain split on whether the crypto downturn has bottomed out. Tom Lee from BitMEX and Matt Hougan of Bitwise

believe technical signals indicate stabilization

, with

Bitcoin

possibly approaching a support level amid ETF outflows and global tensions. Still, the Federal Reserve’s decision on a December rate cut—currently seen as having a 52% probability—remains a major uncertainty. If the cut is postponed or smaller than anticipated, it could add more pressure to risk assets like cryptocurrencies

according to market predictions

ARK’s recent buying activity highlights ongoing institutional interest in the crypto sector. Despite challenges such as falling revenues for leading miners and a bearish trend in Bitcoin prices, companies like

ARK

are still preparing for a rebound. The outcome of Bullish’s earnings and how the market responds to the Fed’s policy decisions are likely to influence investor sentiment in the coming period.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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