Cathie Wood’s ARK Invest has increased its investment in Bullish, the digital asset exchange that recently went public on the New York Stock Exchange under the ticker BLSH. The firm has acquired over $5 million worth of Bullish shares across multiple ETFs.
According to daily trade disclosures from Friday, the ARK Innovation ETF (ARKK) purchased 72,537 Bullish shares. Additionally, the ARK Next Generation Internet ETF (ARKW) added 21,354 shares, and the ARK Fintech Innovation ETF (ARKF) bought 11,122 shares.
This new acquisition follows a previous purchase of $8.27 million in Bullish shares made by ARK Invest in mid-October through two of its funds. Since Bullish’s $1.1 billion NYSE debut, ARK has accumulated roughly $172 million worth of shares across its various funds.
Bullish shares rose 1.24% on Friday, closing at $50.57, recovering from earlier market volatility. The exchange is backed by Block.one and led by CEO Tom Farley.
### Bullish Celebrates US Launch
The recent purchases coincided with Bullish’s US launch event in New York, where the company gathered leaders from the digital asset space to celebrate its expansion. Following the event, Bullish posted on X, “The energy in the room said it all—the future is Bullish.”
In early October, Bullish officially launched in 20 US states after obtaining both a BitLicense and a money transmission license from New York regulators. The platform began spot trading with BitGo and Nonco as its first clients.
Since its global launch in 2021, Bullish has processed over $1.5 trillion in trades and now ranks among the top 10 exchanges by Bitcoin (BTC) and Ether (ETH) volume.
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**Related:** ARK Invest-backed firm becomes largest ETH hoarder outside the US
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