@Binance News Summary:
ARK Invest, led by renowned investor Cathie Wood, has expanded its position in Bullish (BLSH) — a digital asset exchange newly listed on the New York Stock Exchange. The firm acquired over $5 million in additional shares across multiple ETFs, signaling growing institutional confidence in the platform’s U.S. expansion.
Article:
According to Cointelegraph, ARK Invest has made another strategic move in the digital asset space by increasing its investment in Bullish, the exchange backed by Block.one and led by CEO Tom Farley. The firm’s recent purchase includes 72,537 shares by the ARK Innovation ETF (ARKK), 21,354 shares by the ARK Next Generation Internet ETF (ARKW), and 11,122 shares by the ARK Fintech Innovation ETF (ARKF) — totaling more than $5 million in new investments.
This latest move follows ARK’s $8.27 million acquisition in mid-October, bringing its cumulative holdings in Bullish to approximately $172 million since the exchange’s $1.1 billion NYSE debut. The investment aligns with ARK’s long-term strategy of deepening exposure to the digital asset and blockchain ecosystem.
Bullish shares closed 1.24% higher at $50.57 on Friday, reflecting positive sentiment as the market recovers from earlier volatility. The exchange’s recent launch event in New York celebrated its entry into the U.S. market, following regulatory approvals including a BitLicense and a money transmission license from New York State.
Since its 2021 global launch, Bullish has facilitated over $1.5 trillion in trades, ranking among the top 10 global exchanges by Bitcoin and Ethereum volume. Its U.S. expansion further cements its position as a major player in the evolving crypto exchange landscape.
Market Impact:
Bullish stock (BLSH) rose 1.24%, reflecting renewed optimism in exchange-related assets.
#ArkInvest #BullishExplosion #CryptoMarket
