Ark Invest Invests $170-$177 Million in Bullish as Crypto Exchange Interest Grows

Ark Invest, known for its aggressive cryptocurrency investments, made a major move by purchasing 2.5 million shares of Bullish during the exchange’s IPO on the New York Stock Exchange. This strategic acquisition was orchestrated by CEO Cathie Wood and marks a significant step towards increasing institutional exposure to crypto exchanges. The deal reportedly adds up to around $170-$177 million in investment, aligning with Ark’s long-term vision for its ETFs.