Cathie Wood’s ARK Invest has significantly expanded its investment in Bullish, the digital asset exchange that recently went public on the New York Stock Exchange under the ticker BLSH. The firm acquired over $5 million worth of shares across multiple ETFs, further strengthening its position in the fast-growing exchange.
According to daily trade disclosures from Friday, ARK Innovation ETF (ARKK) purchased 72,537 Bullish shares. In addition, ARK Next Generation Internet ETF (ARKW) added 21,354 shares, while ARK Fintech Innovation ETF (ARKF) bought 11,122 shares.
This new acquisition follows ARK Invest’s previous purchase of $8.27 million in Bullish shares in mid-October through two of its funds. Since the exchange’s $1.1 billion debut on the NYSE, ARK has consistently accumulated shares, investing roughly $172 million across its funds.
Bullish shares rose 1.24% on Friday, closing at $50.57 as they recovered from earlier market volatility. The exchange, backed by Block.one and led by CEO Tom Farley, continues to gain traction in the digital asset space.
**Bullish Celebrates US Launch**
The recent purchases by ARK coincided with Bullish’s US launch event in New York, where the company brought together leaders from the digital asset sector to mark its expansion. “The energy in the room said it all — the future is Bullish,” the firm posted on 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 began spot trading with BitGo and Nonco as its first clients.
Since its global launch in 2021, Bullish has processed over $1.5 trillion in trades, now ranking among the top 10 exchanges by Bitcoin (BTC) and Ether (ETH) volume.
**About ARK Invest and Bullish**
ARK Invest is known for its forward-looking investment strategies in disruptive technologies, while Bullish is rapidly emerging as a key player in the cryptocurrency exchange market, backed by influential industry stakeholders and robust regulatory compliance.
*Related: ARK Invest-backed firm becomes largest ETH hoarder outside the US.*
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