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Cathie Wood’s ARK Invest has broadened its stake in Bullish, the digital asset platform that has recently gone public on the New York Stock Exchange under the ticker BLSH, securing more than $5 million in shares across various ETFs.
As per daily trading disclosures from Friday, ARK Innovation ETF (ARKK) acquired 72,537 shares of Bullish, ARK Next Generation Internet ETF (ARKW) added 21,354, and ARK Fintech Innovation ETF (ARKF) obtained 11,122 shares.
This latest acquisition follows ARK Invest’s purchase of $8.27 million in Bullish shares in mid-October through two of its funds. The company has been consistently amassing since the exchange’s $1.1 billion NYSE launch, when ARK acquired approximately $172 million in shares across its funds.
Bullish shares increased by 1.24% on Friday, ending at $50.57, bouncing back from earlier market fluctuations. The exchange is supported by Block.one and led by CEO Tom Farley.
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Bullish marks US launch
The acquisitions coincided with Bullish’s US launch event in New York, where the firm assembled digital asset leaders to commemorate its growth. “The atmosphere in the room conveyed everything — the future is Bullish,” the company shared on X after the event.
In early October, Bullish officially debuted in 20 US states after obtaining both a BitLicense and a money transmission license from New York regulators. The platform commenced spot trading with BitGo and Nonco as its inaugural clients.
Since its global launch in 2021, Bullish has managed over $1.5 trillion in trades and currently ranks among the top 10 exchanges by Bitcoin (BTC) and Ether (ETH) transaction volume.
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