CoinGlass data also shows broader ETF sell-offs coinciding with Bitcoin’s recent price slump. ARKB shares reacted negatively, dropping 2.79% in a single day. This decline aligns with the cryptocurrency’s downward trend. However, Ark Invest did not only sell assets; it also executed strategic purchases. 

ARKK Makes Large Buys in Bullish and Robinhood 

ARKK (ARK Innovation ETF) acquired 356,346 shares of Bullish at an estimated $21.2 million. Additionally, it bought 150,908 shares of Robinhood Markets, totaling around $16.2 million. 

These purchases follow last week’s acquisition of 2.53 million Bullish shares, valued at roughly $172 million after the exchange debuted on the NYSE. Robinhood stock also saw previous buying sessions totaling $23 million. 

ARKK shares, however, fell 3.99% in a single day. The decline mirrors broader market uncertainty ahead of the Federal Reserve’s speech at the Jackson Hole symposium, which could influence market trends for weeks. 

These moves show Ark Invest actively rebalancing its portfolio amid market volatility. Both crypto and tech positions highlight the firm’s strategic approach to navigating corrections and opportunity in the market. 

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