Ark Invest Invests $172 Million in Bullish Stock Following Record IPO Surge

Investment firm Ark Invest, known for its bold bets on disruptive technology, purchased a significant stake in crypto exchange Bullish after the company’s stock surged 83.8% during its highly successful New York Stock Exchange debut this week. Ark Invest, led by Cathie Wood, acquired $172 million worth of shares across multiple of its ETFs: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). This action demonstrates confidence in Bullish’s long-term prospects, as investors return to crypto-linked equities following a recent surge in positive sentiment within the sector.