Cathie Wood’s ARK Invest has increased its position in Bullish, the cryptocurrency exchange, by purchasing approximately 238,000 shares worth around $12 million across its flagship funds on Monday.
According to ARK’s daily trade disclosures, the breakdown of the new acquisitions is as follows:
– The ARK Innovation ETF (ARKK) bought 164,214 shares.
– The ARK Next Generation Internet ETF (ARKW) added 49,056 shares.
– The ARK Fintech Innovation ETF (ARKF) acquired 25,076 shares.
This move follows ARK’s buying activity last week. On Friday, the investment firm purchased over $5 million worth of Bullish shares across multiple ETFs. Overall, ARK has been steadily accumulating shares since Bullish’s $1.1 billion debut on the New York Stock Exchange, initially acquiring about $172 million worth across its funds.
### Bullish Shares & Trading Volume Update
Bullish shares closed at $50.26 on Monday, down 0.71%, with after-hours trading showing a slight dip to $50.02.
The ongoing buying spree coincides with Bullish reporting impressive trading volumes. The exchange recorded over $82 million in trading volume within five days of launching its new crypto options platform. This innovative product allows customers to use their entire portfolio as collateral across spot, futures, and options markets, significantly enhancing capital efficiency.
Several institutional partners, including FalconX Global, Wintermute, and BlockTech, participated in the launch. Bullish stated on X (formerly Twitter), “We’ve built a product that aims to resolve the pain points that exist today in trading crypto options.”
### Regulatory Milestone & Expansion
Last month, Bullish officially launched in 20 US states after obtaining both its BitLicense and money transmission license from the New York State Department of Financial Services—a significant regulatory milestone for any cryptocurrency firm.
Since beginning operations, Bullish has secured two major institutional clients: BitGo and Nonco. Founded in 2021, the exchange has already processed over $1.5 trillion in global trading volume and ranks among the top 10 exchanges by Bitcoin (BTC) and Ether (ETH) trading activity.
### Related News
– Bullish shares rise as Q2 earnings beat analyst estimates
– ARK Invest-backed firm becomes the largest ETH holder outside the US
With continued institutional support and innovative product launches, Bullish is positioning itself as a key player in the evolving cryptocurrency market.
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