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Cathie Wood’s Ark Invest Scoops Up $37M in Bullish and Robinhood: A Bold Bet on Crypto’s Future?

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Cathie Wood’s Ark Invest has continued its aggressive push into crypto-related equities, scooping up $21.2 million in Bullish shares and $16.2 million in Robinhood stock on August 19, 2025.

The purchases, made through the firm’s flagship ARK Innovation ETF (ARKK), highlight Ark’s conviction in digital asset infrastructure even as broader crypto stocks tumbled.

According to Ark’s latest filing, the fund acquired 356,346 shares of Bullish and 150,908 shares of Robinhood.

This marks the third consecutive trading day Ark boosted its Robinhood position, following earlier buys of $14 million on Monday and $9 million last Friday. The moves expand Ark’s exposure to platforms shaping the future of trading and digital finance.

TOTAL saw significant losses on the daily chart. Source: TOTAL on Tradingview

Bullish and Robinhood Slide Amid Market Sell-Off

Despite Ark’s heavy buying, both stocks ended sharply lower on the day. Bullish dropped 6.09% to $59.51, slipping an additional 3.24% in after-hours trading, while Robinhood fell 6.54% to $107.50 and lost another 1.23% post-market.

The sell-off wasn’t isolated. Other crypto-linked equities also suffered, with Coinbase down 5.82%, Galaxy Digital plunging 10.06%, Strategy sliding 7.43%, and Circle off 4.49%.

The Nasdaq Composite fell 1.46% as investors pulled back ahead of the U.S. Federal Reserve’s Jackson Hole symposium, where policy signals are expected to shape market sentiment.

A Strategic Bet on Crypto’s Long-Term Growth

Ark’s latest move builds on a $172 million allocation to Bullish last week, when the Cayman Islands-based exchange made its highly anticipated debut on the New York Stock Exchange.

With Ark now holding more than 1.1 million Bullish shares valued at roughly $73.85 million, the firm is betting big on the platform’s role in the evolution of crypto markets.

Similarly, Robinhood has become one of Ark’s most consistent crypto-adjacent holdings. The recent spree increases its share of ARKK’s portfolio to over 4%, highlighting Ark’s belief in the platform’s long-term potential despite short-term volatility.

Wood’s investment strategy mirrors confidence in crypto’s ongoing institutional adoption, as firms like Gemini, OKX, and Kraken explore IPOs. Ark also maintains significant positions in Circle and Coinbase, further engraving its role as one of Wall Street’s most vocal champions of digital assets.

As volatility shakes out weaker hands, Ark’s contrarian bets may position it to capitalize if crypto markets rebound, raising the question: is this a bold gamble, or a long game in the market?

Cover image from ChatGPT, TotalCrypto chart from Tradingview

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High-resolution image of numerous shiny gold bitcoin tokens stacked together. (Kanchanara/Unplash)
Crypto Trends

Cathie Wood’s Ark Invest Buys $21.2M of Bullish Shares and $16.2M Robinhood Shares

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Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure.

The update comes after Ark added 356,346 Bullish shares to ARKK on Aug. 19, a purchase worth about $21.2 million at the close of trading in New York, when the stock settled at $59.51 at close. The buy builds on Ark’s earlier allocation of more than 2.5 million shares spread across three ETFs on the day of Bullish’s debut.

Bullish is the owner of CoinDesk.

Ark also extended its buying spree in Robinhood (HOOD), purchasing 150,908 shares worth about $16.2 million at Tuesday’s close of $107.50.

Robinhood has become one of Ark’s most consistent crypto-adjacent holdings, with Tuesday’s purchase marking the third straight trading day the firm added to its position, following $14 million in buys on Monday and $9 million on Friday.

Read more: Bullish’s $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market



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Crypto Trends

To Reap Tokenization’s Benefits, Accredited Investor Rules Should Be Revamped: Robinhood Crypto GM

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In brief

  • Robinhood’s Johann Kerbrat believes that overhauling investor accreditation rules could help tokenization flourish in the U.S.
  • Under current rules, 90% of investors in the U.S. would be prohibited from participating from investing in early-stage companies on-chain.
  • Kerbrat made a formal recommendation to the SEC earlier this year to implement knowledge-based and self-certification components to
    the accreditation process.

In order to capitalize on one of tokenization’s true benefits, investor accreditation requirements should be revamped to empower everyday investors with more freedom, according to Johann Kerbrat, Robinhood Crypto’s senior vice president and general manager.

In a recent interview with Decrypt, Kerbrat said that blockchains could one day be used to help startup founders raise capital in a transparent way that helps them preserve control. However, under current rules in the U.S., 90% of the population wouldn’t be able to participate—because they don’t, for example, make more than $200,000 a year.

Typically, as a company goes from a passion project to publicly traded firm, venture capitalists and private equity firms help raise funds along the way. When it comes to listing on a stock exchange, investment banks also play a significant role, underwriting the offering, and as Kerbrat described it, commanding a “huge banking fee.”

According to Kerbrat, a founder risks losing control through share dilution, among other factors, as intermediaries extend their services on the company’s path to an eventual IPO. On top of that, venues like the Nasdaq often charge their own exchange fee, he added.



“These steps are just middlemen that are taking over the company, and not necessarily creating value for your customer, for your employee base, or anything like that,” he said. “We could bring, with tokenization, a new world to raising funds, where instead of launching a new coin, you could launch a new offering for your startup and raise funds on-chain.”

With a regulatory backdrop that’s more supportive of innovation, Kerbrat said that Robinhood is well positioned to help startup founders bypass middlemen, leveraging its “huge retail platform” alongside its connections on the institutional side with market makers.

Instead of basing an investor’s accreditation on factors like their salary, Kerbrat argued that “the checkpoint should be education” and whether investors are aware that early-stage investments carry outsized risk.

In April, Kerbrat submitted a letter to the Securities and Exchange Commission recommending that there should be knowledge-based tests and self-certification components to accreditation.

“A new regulatory approach is needed to allow tokenization to flourish, and that system should be designed at a federal level to provide consistency to the marketplace,” the letter stated.

Whether it’s stocks, bonds, or real estate, tokenization can refer to any asset that’s represented with a token on-chain. Last month, crypto exchange Kraken said that it would begin offering users in Europe the ability to trade U.S.-listed stocks using Solana.

Tokenization advocates, including BlackRock CEO Larry Fink, have focused on benefits beyond the potential democratization of markets. When he backed tokenization in 2022, his focus was on greater market efficiency and settlement that’s nearly instantaneous.

“I think there are a lot of advantages, but right now, what is blocking us from this world is a lot of [outdated] rules,” Kerbrat said, underscoring that tech isn’t what’s holding tokenization back.

Edited by James Rubin

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Robinhood Hit Record Close As Activity And User Growth Surge
Crypto Trends

Robinhood Hit Record Close as Activity and User Growth Surge

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Robinhood has set a new high closing price after trading volumes and the number of users on its platform surged. As per reports, during Q1 of 2025, the brokerage experienced a 50% rise in revenue, mainly due to a record-breaking 143% jump in the volume of options trading.

At the time of writing, the Robinhood ($HOOD) price was exchanging hands at $74.88 with a share volume of 66,229,109 and an average volume of 43,688,955. With this, the market valuation of Robinhood has increased to $66.079 billion.

Robinhood’s net deposits in this quarter reached a massive high of $18 billion, the highest amount ever. Moreover, it currently supports 25.8 million funded accounts, among which 3.2 million are subscribers of Robinhood Gold.

The Gold tier unlocks a special feature that its traders can use margin, get higher interest on their cash, and use advanced tools, which has allowed the company to keep and make money from knowledgeable traders.

Additionally, during April, Robinhood users executed more than 4.5 million futures trades, showing a move towards the use of increased trading volume.

While crypto revenue slipped a bit from the last quarter, it has grown twice as much as it was a year ago. The platform also completed buying Bitstamp, one of the world’s top crypto exchanges, strengthening its involvement in digital assets and allowing it to serve customers in more places.

Additionally, the board has decided to do another $500 million share buyback on top of the existing $1 billion share buyback program. The company is still investing in better products, management options, and useful banking tools that encourage people to stay with the app for a long time.

As trading continues to be active in markets like equities, options, and crypto, Robinhood is now being noticed again by retail as well as institutional investors.

Also Read: Coinbase and BiT Global End Legal Battle on wBTC



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GameFi Guides

Circle IPO Outperforms Public Debuts From Meta, Robinhood and Airbnb

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In brief

  • Circle’s stock price peaked at $123 on Friday, effectively quadrupling since its IPO yesterday.
  • Its first-day surge outpaces even tech darlings like Airbnb, which doubled its IPO price at launch in 2020.
  • Circle’s market capitalization, however, is lower than those of such tech giants.

Circle’s dynamite IPO this week wasn’t just impressive by crypto standards—it outperformed expectations to a degree unrivaled even by America’s most prominent tech companies.

The evening before its Thursday trading debut on the New York Stock Exchange, Circle priced its stock, CRCL, at $31 a share. That represented a mark-up from the lower share prices the firm floated earlier in the week: $26, and then $28. Such last-minute moves are generally indicative of increased investor interest in a company’s stock market debut.

But nothing could have prepared Wall Street for the stablecoin issuer’s bombshell first-day performance. Within minutes of the market’s opening, CRCL more than tripled in price, and experienced such volatility that the New York Stock Exchange had to halt trading on the stock multiple times.

By the end of Thursday’s trading day, the price of Circle sat at $82.84—up 167% from the offering price. On Friday, CRCL hit a new high of $123.51, coming within cents of fully quadrupling its IPO price.

Among other flashy tech IPOs of recent years, that performance is a standout. While some American tech giants may be worth more than Circle, few have shattered early trading expectations to such an extent.

Meta, formerly Facebook, for example, IPO’d at $38 back in 2012. After its first day of trading, the company’s stock remained stagnant at $38.23, disappointing investors. 

That price nonetheless valued Facebook at a monster $104 billion, though—far more than the $19 billion valuation Circle scored yesterday, even with overperformance factored in.



Uber, another tech giant with a hotly anticipated IPO, failed to meet expectations after its Wall Street debut in 2019. The disruptive rideshare startup priced its stock at $45, but failed to drum up enough excitement on its first day of trading. UBER shed 8% that afternoon, closing under $42. But the company’s valuation at that point was still nothing to scoff at: $69.7 billion.

It’s a similar story in fintech. When Robinhood launched its stock in July 2021, the new-age financial services company aimed for an opening price per share of $38. HOOD’s stock ended its first day of trading down over 8%, at $34.82, leaving the company with a market capitalization of $32 billion.

Even when major tech stocks have outperformed analyst expectations, they’ve typically done so by smaller margins than Circle achieved this week. In 2020, at the peak of the COVID-19 pandemic, Airbnb’s stock more than doubled its IPO price on opening day, surging from $68 to $144.71 by the closing bell.

That 112% jump was heralded at the time as a fairytale success story—but still, did not approach Circle’s first-day result. Scale again, though, is an important caveat: Airbnb’s first day of trading valued the company at a whopping $100.7 billion.

What accounts for Circle’s distinctive overperformance on Wall Street this week? Analysts told Decrypt the stock fared so well thanks not only to excitement surrounding stablecoins, which may soon be greenlit for a wide range of applications by Congress; but also due to the fact that Circle’s stock currently represents one of the only means for institutions and retail traders to invest in the emergent sector. 

The company’s competitors, namely market leader Tether, are not publicly traded.

Edited by Andrew Hayward

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Crypto Trends

Bitstamp Acquisition: Robinhood Gains Over 50 Global Crypto Licenses

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Financial crypto services platform firm Robinhood (HOOD) has officially wrapped up its $200 million acquisition of crypto trading platform Bitstamp, founded in 2011 and based in Luxemburg. 

The all-cash deal, first announced last year, provides Robinhood with an immediate international presence, obtaining over 50 active crypto licenses across Europe, the UK, and Asia. 

How Robinhood Gains A New Competitive Edge

This acquisition not only enhances Robinhood’s regulatory standing but also grants access to an established institutional client base that the retail trading platform has previously lacked.

According to Johann Kerbrat, General Manager of Robinhood Crypto, the deal is more about synergy than a complete pivot. “We are one of the largest retail marketplaces in the US,” he noted, emphasizing that combining the strengths of both businesses will allow Robinhood to enter new markets without starting from scratch. 

Notably, the deal with Bitstamp brings features such as order books, crypto-as-a-service offerings, advanced APIs, and lending and staking options, which are crucial for institutional engagement.

Robinhood, which launched its crypto trading platform in 2018 and played a significant role in the meme-coin frenzy of 2021, has been working to rebrand itself as a serious contender in the evolving landscape of digital asset finance. 

Kerbrat pointed out that with increasing regulatory clarity from Congress, more institutions are likely to seek entry into the cryptocurrency space, and the Bitstamp acquisition provides the firm with a head start.

A Strategic Move Into Institutional Crypto Markets

Bitstamp is renowned for its deep liquidity and compliant reputation. The exchange has navigated multiple market cycles successfully and has built strong relationships with institutional partners across Europe and Asia—resources that Robinhood intends to leverage.

Kerbrat emphasized that Robinhood’s marketplace model, which does not involve matching orders, will benefit from Bitstamp’s product offerings, allowing the company to cater more effectively to active and advanced traders.

The acquisition also positions the firm advantageously in Europe, where cryptocurrency regulations are more clearly defined compared to the fragmented regulatory landscape in the US. 

For now, the firm plans to maintain Bitstamp’s existing interfaces and operations while exploring deeper integration in the future. Bitstamp is already functioning behind the scenes for smart order routing through Robinhood’s institutional platform, Robinhood Ledger.

As Robinhood continues to expand, including listing new tokens and launching staking services, the Bitstamp deal arrives at a crucial juncture. The regulatory track record and licensing portfolio of Bitstamp may provide Robinhood with a buffer as it ventures into new international markets.

Kerbrat has not ruled out the possibility of further acquisitions, stating, “If we can find a way to accelerate by at least 18 months or two years, and we have a lot of great reasons to believe this is a great acquisition, it’s something that we’ll definitely look at.”

The 1D chart shows HOOD shares closing to the upside on Tuesday. Source: HOOD on TradingView.com

Following the announcement of the acquisition, HOOD’s shares have closed the day on the rise, currently valued at $71.72. This represents a 5% increase within the last 24 hours.

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto Trends

Robinhood CEO Predicts AI-Driven Companies, Likens Them to Bitcoin and Satoshi

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In brief

  • AI could lead to more “single-person” companies, Robinhood CEO Vlad Tenev said.
  • Speaking at Bitcoin 2025, Tenev said that AI could enable more value to be created from minimal resources.
  • He compared this to how Satoshi Nakamoto created the biggest cryptocurrency, Bitcoin.

Robinhood boss Vlad Tenev said that artificial intelligence will lead to minimal staffing requirements in companies—and compared such hypothetical structures to how Satoshi Nakamoto created Bitcoin. 

Speaking at Bitcoin 2025 in Las Vegas, the payments entrepreneur said that AI-powered “single-person companies” would become the norm, along with tokenized assets. 

The Robinhood CEO and co-founder alluded to Satoshi Nakamoto—Bitcoin’s mysterious, pseudonymous creator (or creators)—saying that the leading cryptocurrency was created by one person and now people can invest in it. 

“I think you’ll have more single-person companies, and you have to imagine that they’ll be tokenized, and they’ll they’ll trade on blockchains—just like other assets,” he said. “So you’ll be able to essentially invest in a person or the economic activities of a project that is run by a single person.”

He added: “That’s Bitcoin, in a sense, right? It’s the personal brand of Satoshi Nakamoto, backed by technology.”

Satoshi Nakamoto released a white paper on a cryptography blog at the end of 2008 before mining the top cryptocurrency’s first block on the distributed ledger known as a blockchain in 2009. He then disappeared and no one knows who—or where—he (or she) is. 



But Nakamoto’s creation spawned a multi-trillion crypto industry, with countless more subsequent digital coins aiming to do just what Bitcoin promised it would do—and more. 

And the technology that Nakamoto created has now lots of other use cases—many mainstream—other than payments. For example, Walmart has used blockchain to track its food supply chain to increase safety, tokens are used to represent unique artwork and video game items, and major banks have deployed it for their own financial products.

Talk that AI will streamline businesses has been a hot topic for years now, and many are predicting it could lead to huge job losses. 

But Tenev sounded more upbeat about how it would help entrepreneurs. “One of the things that AI is making possible is more and more value being created with fewer and fewer resources,” he said. 

Robinhood is a trading platform that allows its users to buy and sell stocks, commodities and cryptocurrencies. The app has expanded its crypto arm in recent years, offering more and more digital tokens for trading—including meme coins.

Edited by Andrew Hayward

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Crypto Trends

Memecoin Moo Deng, MEW Surges After Robinhood Listing

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Robinhood has added two Solana-based memecoins, Moo Deng and cat in a dog’s world , to its suite of cryptocurrencies available to trade for U.S. customers.

Moo Deng, which is based on a baby pygmy hippo, has risen to a $230 million market cap this month after the meme went viral online in 2024. The token skyrocketed over 836% in May and jumped another 21% over the past 24 hours.

Cat in a dog’s world, on the other hand, is a token based on cats, which launched in March 2024 as part of a Solana meme coin frenzy. The token stands at a $368 million market cap after its price rose 52% in May. It is up nearly 20% over the past 24 hours.

The latest inclusions add to Robinhood’s list of meme coins, and the regulatory landscape is becoming much more flexible after the nomination of several pro-crypto government leaders and President Donald Trump’s U.S. election win last year.

In November, Robinhood added the trading of Pepe coin

, another popular meme coin. The trading app currently offers over 20 cryptocurrencies after previously ending support for several tokens in 2023 amid a crackdown on crypto by the former Securities and Exchange Commission Chair, Gary Gensler.



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