Cathie Wood’s ARK Invest has ramped up its investment in Bullish, a rising crypto exchange, adding approximately $12 million worth of shares across its flagship funds in a move that underscores growing institutional confidence in the platform. This recent surge in buying activity follows ARK’s substantial investment during Bullish’s recent debut on the NYSE, highlighting the firm’s bullish outlook on transformative crypto financial services.
- ARK Invest increased its stake in Bullish by purchasing around 238,000 shares worth $12 million across several ETFs.
- The investment boost comes shortly after ARK’s previous purchase of over $5 million of Bullish shares last week.
- Bullish’s NYSE debut saw the firm acquire approximately $172 million worth of shares, marking a significant milestone.
- The platform reported over $82 million in trading volume within five days of launching its crypto options platform.
- Bullish has expanded its legal footprint, now operating in 20 US states after securing key licenses.
In a sign of renewed institutional interest, ARK Invest has increased its holdings in Bullish, an emerging cryptocurrency exchange known for its innovative trading features. According to daily trading disclosures, ARK’s flagship funds — the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) — purchased a combined total of approximately 238,000 shares, valued at around $12 million.
This buying spree is part of a broader trend, with ARK having previously invested over $5 million in Bullish shares last week. The firm’s confidence escalated following Bullish’s recent debut on the NYSE, where it acquired roughly $172 million worth of shares across its portfolio, marking a significant institutional endorsement of the platform’s prospects.
Bullish sees record volume after launching crypto options platform
The recent surge in trading volume comes on the heels of Bullish’s launch of its crypto options platform, which has quickly gained traction. Within just five days, the platform facilitated over $82 million in trades, demonstrating strong demand for its capital-efficient trading solutions. The platform allows users to leverage their entire portfolio as collateral across spot, futures, and options markets, catering to institutional and retail traders seeking more flexible crypto trading options.
Supported by institutional partners such as FalconX Global, Wintermute, and BlockTech, Bullish aims to address critical trading pain points. “We’ve built a product that aims to resolve the pain points that exist today in trading crypto options,” the platform announced on X platform.
At the close of the trading session on Monday, Bullish’s shares ended at $50.26, dipping slightly after-hours to $50.02, with traders keeping a close watch on its evolving momentum.
Expansion Across US States and Growing User Base
In a key regulatory achievement, Bullish officially launched in 20 U.S. states last month after securing a BitLicense and money transmission license from the New York State Department of Financial Services. This significant milestone enables the platform to expand its reach within one of the world’s most regulated markets.
Founded in 2021, Bullish quickly gained notable institutional clients such as BitGo and Nocoin, processing over $1.5 trillion in global trading volume to date. Its rapid growth places it among the top crypto exchanges for Bitcoin (BTC) and Ethereum (ETH) trading activity, reflecting widespread investor confidence in its platform.
The continued institutional backing and strategic expansion signals that Bullish is positioning itself as a key player in the evolving cryptocurrency trading landscape, particularly as markets respond to increasing regulatory clarity and demand for sophisticated trading tools.
