Cathie Wood's ARK Invest has expanded its investment in Bullish. Recently, the digital asset exchange went public on the New York Stock Exchange under the ticker symbol BLSH, and ARK has accumulated over $5 million in shares through multiple ETFs.
According to the daily trading disclosure on Friday, the ARK Innovation ETF (ARKK) purchased 72,537 shares of Bullish, the ARK Next Generation Internet ETF (ARKW) increased its holdings by 21,354 shares, and the ARK Fintech Innovation ETF (ARKF) bought 11,122 shares.
In mid-October, ARK Invest made a new round of purchases totaling $8.27 million in Bullish shares through its two funds. Since the exchange debuted on the NYSE with a market capitalization of $1.1 billion, the company has continued to increase its investment, having previously acquired approximately $172 million in shares through its funds.
On Friday, Bullish's stock price rose by 1.24%, closing at $50.57, recovering from earlier market fluctuations. The exchange is supported by Block.one, with Tom Farley as CEO.
This increase in holdings coincides with Bullish's U.S. launch event held in New York, where the company invited leaders in the digital asset space to celebrate its expansion. "The atmosphere on-site says it all — the future belongs to Bullish," the company stated in a post on the X platform after the event.
At the beginning of October, Bullish officially received a BitLicense and a money transmission license from New York regulators, launching in 20 states across the U.S. The platform provides spot trading services for early clients such as BitGo and Nonco.
Since its global launch in 2021, Bullish has processed over $1.5 trillion in trading volume, and its Bitcoin and Ethereum trading volumes rank among the top ten exchanges worldwide.
Related: Reports indicate that a Nordic bank that once rejected cryptocurrency is set to launch a Bitcoin (BTC) ETP.
Original article: “ARK Fund Celebrates Bullish Exchange's U.S. Launch with $5 Million Increase in Bullish Shares”
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