Cathie Wood’s Ark Invest has expanded its bet on Bullish, the digital asset exchange that recently went public on the New York Stock Exchange under the ticker Blsh, acquiring more than $5 million worth of shares in multiple ETFs.
According to daily trade disclosure from Friday, ARK Innovation ETF (ARKK) bought 72,537 bullish shares, Ark Next Generation Internet ETF (ARKW) added 21,354, and Ark Fintech Innovation ETF (ARKF) bought 11,122 shares.
The new purchase comes as Ark Invest bought $8.27 million in bullish shares in mid-October through two of its funds. The firm continues its accumulation Since the $ 1.1 billion NYSE debut of the NYSE exchangeWhen Ark Buy about $ 172 million worth of shares in its funds.
Bullish shares rose 1.24% on Friday to close at $50.57, recovering from earlier market volatility. The exchange is backed by block.One and helmed by CEO Tom Farley.
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Bullish celebrates the US launch
The purchases coincided with Bullish’s US launch event in New York, where the company brought together digital asset leaders to celebrate its expansion. “The energy in the room said it all – the future is bullish,” the firm posted at x following the event.
In early October, bullish Officially launched in 20 US states After securing both a bitlicense and a money transmission license from New York regulators. The platform started trading with Bitgo and Nonco as its first clients.
Since its global launch in 2021, Bullish has processed more than $1.5 trillion in trades and now ranks among the top 10 bitcoin exchanges (BTC) and ether (Eth) quantity.
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