Cathie Wood’s ARK bags $5M in Bullish shares as the exchange celebrates US launch
Bullish celebrated its US debut after securing New York’s BitLicense and money transmission license, launching trading across 20 states and partnering with BitGo and Nonco.
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 over $5 million worth of shares across multiple ETFs.
According to daily trade disclosures 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) purchased 11,122 shares.
The new purchase comes as ARK Invest purchased $8.27 million in Bullish shares in mid-October through two of its funds. The firm has been continuing its accumulation since the exchange’s $1.1 billion NYSE debut, when ARK bought roughly $172 million worth of shares across its funds.
