Cathie Wood’s Ark Invest has been steadily increasing its stake in Bullish (BLSH) since the crypto exchange’s IPO, signaling confidence in the company despite a volatile post-market debut. On debut, Ark acquired about 2.53 million shares of Bullish, roughly worth $172 million across ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
Again, the veteran investor recently purchased over 160,000 shares of Bullish worth $8.3 million ahead of the company’s first earnings report since going public. The purchase was split between ARKK and ARKW. With these additions, Ark’s total Bullish stake now exceeds $129 million across its ARKK, ARKW, and ARKF ETFs.
