Cathie Wood’s Ark Invest purchases $10 million worth of Bullish shares
Ark Invest bought $10.2 million in Bullish shares across three ETFs on Monday, increasing its crypto exposure.Summary
Cathie Wood's Ark Invest acquired $10.2 million worth of Bullish shares across three of its exchange-traded funds on Monday, continuing to build its crypto-related holdings. The purchases included shares bought by the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). This buying occurred as Bullish's stock price declined, closing down 4.5% at $36.75 on Monday. Bullish, a crypto exchange backed by Peter Thiel, is set to report third-quarter earnings on November 19th, following Q2 adjusted revenue of $57 million and a net income of $108.3 million. Ark Invest has recently been active in adjusting its crypto exposure, having also purchased shares in Circle and BitMine the previous week.
(Source：The Block)