ARK Invest Boosts Stake in Bullish Exchange Amid Options Trading Surge
- ARK Invest purchased approximately 238,000 shares of Bullish, valued at around $12 million.
- The ARK Innovation ETF (ARKK) acquired over 164,000 shares, while ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) added smaller amounts.
- Bullish reported $82 million in trading volume within five days of launching its crypto options platform.
- The exchange has processed over $1.5 trillion in global trading volume since its inception in 2021.
- Bullish launched operations in twenty US states after obtaining necessary regulatory licenses from the New York State Department of Financial Services.
This significant investment by ARK follows a previous purchase of over $5 million worth of Bullish shares last week and aligns with the exchange’s growing trading capabilities through its new options platform.
Bullish shares closed at $50.26, reflecting a slight decline amid increased trading activity following the launch of their options service.(Source)
