Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies. May 22, 2026, 10:45 a.m. 1 min readMake preferred on Ark Invest bought $5 million worth of Bullish (BLSH) stock on Thursday, the fourth day in a row it has added BLSH shares to its exchange-traded funds (ETFs).Cathie Wood's investment manager has purchased $12.5 million worth of shares in the crypto group, which is also CoinDesk's parent company, since Monday based on the stock's closing prices, according to emailed disclosures.BLSH shares closed 0.2% lower at $35.96 on Thursday, having fallen more than 17% in the last two weeks, a period in which bitcoin BTC$77,341.59 struggled to break above the $80,000 resistance. Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies.More For YouBitcoin holds between $76,000 and $78,000 while AI tokens and HYPE surge; derivatives signal calm conditions with volatility selling dominating options markets.What to know: AI tokens NEAR (+28.5%) and FET (+11.4%) led Friday's altcoin action as speculative flows rotated out of privacy coins DASH, ZEC and XMR, which shed much of their early-week gains.HYPE hit a record high after rallying ~60% since Tuesday, driven by heavy short liquidations and institutional demand following the...Read full story