Ark Invest, the firm run by Cathie Wood, has taken a substantial stake in Bullish, a crypto exchange backed by Peter Thiel. This move signals growing institutional confidence in the crypto sector, especially for exchanges targeting professional investors. 📈 Ark’s investment comes on the heels of Bullish’s successful IPO on the New York Stock Exchange, which raised $1.11 billion after pricing shares at $37, exceeding expectations and launching its valuation to approximately $5.41 billion. 🚀 This strong demand signals a growing trust in Bullish’s ability to serve institutional clients. 💼 Bullish aims to provide trading services for professional investors, focusing on consistent revenue rather than relying heavily on retail volume fluctuations.