Ark Invest Buys $12M Bullish Shares Amid 27% Price Drop

Ark Investments, led by Cathie Wood, purchased $12 million in shares of crypto exchange Bullish (NYSE: BLSH), despite a 27% price drop over the past month.

Key Points

Ark Invest's purchase includes 238,000 BLSH shares across its ETF portfolio: ARK Innovation ETF (164,214 shares), ARK Next Generation Internet ETF (49,056 shares), and ARK Fintech Innovation ETF (25,076 shares).
This action increases Ark's total investment in Bullish to approximately $172 million since its $1.1 billion NYSE listing.
Bullish reported over $82 million in trading volume within five days of launching its new crypto options platform.
The platform allows users to use their entire portfolio as collateral, enhancing capital efficiency with institutional partners like FalconX Global and Wintermute involved.
Bullish has expanded into 20 US states, obtaining a BitLicense and money transmission license from NYDFS.
Since its founding in 2021, Bullish has processed over $1.5 trillion in global trading volume and ranks among the top 10 exchanges for [Bitcoin](https://holder.io/coins/btc/) and [Ether](https://holder.io/coins/eth/) activity.