Ark Invest, a prominent investment firm led by Cathie Wood, made a significant move in the cryptocurrency market by acquiring shares of Bullish and Robinhood. The company’s strategic purchases amount to $37.4 million, demonstrating increased confidence in digital asset exchange platforms. 21.2 million Bullish shares were acquired at an average price of $59.51 per share, while 16.2 million Robinhood shares were purchased at an average price of $107.50. This move signals Ark Invest’s dedication to the future of digital finance and its belief in platforms like Bullish and Robinhood’s potential for growth. 59.51 per share is quoted from Bullish, while 107.50 per share was quoted from Robinhood. The purchases highlight growing institutional confidence in both fintech platforms. Ark Invest believes this will create market pressure on competitors such as Coinbase.