Cathie Wood’s Ark Invest buys $12 million worth of Bullish shares
Ark Invest purchased nearly $12 million in Bullish shares across three ETFs on Monday, increasing its exposure to the crypto exchange.Summary
Cathie Wood's Ark Invest acquired 238,346 shares of Bullish, valued at approximately $11.98 million, on Monday through its ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). This purchase continues Ark's growing investment in Bullish since the crypto exchange debuted on the NYSE in August, when Ark bought $172 million worth of shares. Following the recent trades, Bullish now constitutes between 0.97% and 1.18% of the respective Ark ETFs. Meanwhile, Bullish stock closed nearly flat on Monday at $50.26, continuing a significant decline since its debut. Bullish, which is backed by Peter Thiel, launched spot trading in the U.S. in October and is scheduled to report its third-quarter earnings on November 19.
(Source：The Block)