Ark Invest buys another $5 million in Bullish shares as stock slides 3%
The Block
Ark Invest purchased $5 million in Bullish shares across three ETFs as the crypto exchange's stock price experienced a recent decline.Summary
Cathie Wood's Ark Invest has acquired $5 million worth of Bullish shares for its ARKK, ARKW, and ARKF exchange-traded funds. This move follows a downward trend in Bullish's stock, which fell 2.73% on Thursday and has seen a 14.2% decrease over the past month. The investment comes shortly after Bullish reported a $604.9 million net loss for the first quarter and announced a $4.2 billion acquisition of Equiniti to boost institutional growth.
(Source：The Block)