ARK Invest purchased 356,346 Bullish shares valued at $21.2 million and 150,908 Robinhood shares worth $16.2 million during a sector sell-off. Last week, the firm bought 2.53 million Bullish shares worth $172 million. They also acquired $14 million in Robinhood shares on Monday and $9 million on Friday.

Both Bullish and Robinhood stocks dropped on Tuesday. Bullish closed at $59.51, down 6.09%, and Robinhood fell to $107.50, a 6.54% decrease. After-hours trading saw further declines for both stocks. Other crypto-exposed equities like Coinbase, Galaxy Digital, and Strategy also fell.

Bullish raised $1.1 billion through its IPO, exceeding expectations. The company’s shares soared 83.8% above the IPO price of $37 during its first trading session. After-hours trading saw an additional 11.2% increase, with the stock opening at $90 and reaching an intraday high of $118, over 215% above the IPO price.

Read more at Cointelegraph: Ark Invest Buys $21M Bullish, $16M Robinhood shares