Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made new trades on Monday, November 17, according to daily fund disclosures. Instead of adding to well-known tech names, ARK increased exposure to Bullish Group (BLSH), a crypto-linked stock tied to digital asset trading infrastructure.
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At the same time, the fund trimmed positions in two social media names: Reddit (RDDT) and Pinterest (PINS). ARK sold about 16,540 Reddit shares, valued at roughly $3.1 million, and reduced its Pinterest stake by 24,220 shares, worth around $618,000.
Wood Snaps Up BLSH Shares after a Steep Slide
ARK purchased roughly 277,000 BLSH shares across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) for about $10 million.
The buying comes as Bitcoin and crypto-linked stocks have been under pressure. Bitcoin slipped below $92,000 on Monday, extending its pullback to more than 26% from its October highs, while BLSH shares fell about 4.5% in the same session.
The purchase suggests Wood is once again using weakness as an entry point rather than stepping away from volatility. This fits her long-term view that blockchain and tokenized finance remain early in their adoption curve and could see strong growth over time.
Let’s see how the above-mentioned three stocks perform using the TipRanks Stock Comparison Tool:
