#BullishIPO On Wednesday, ARK Invest, owned by Cathie Wood, acquired a large stake in Bullish (BLSH). The cryptocurrency exchange and news site, backed by Peter Thiel, debuted on the NYSE on Wednesday during an IPO that generated significant excitement.

Bullish owns CoinDesk and provides cryptocurrency data and analytics services available on this site. The company also operates the Bullish Exchange — a digital asset platform aimed at institutional clients. According to CNBC, since its launch in 2021, the total trading volume on the Bullish platform as of March 31 has exceeded $1.25 trillion.

According to daily trading reports, Wood and ARK acquired a total of 2.53 million shares of BLSH across three of their funds.