Ark Invest Buys 2.53M Bullish Shares Across Three ETFs After Wild IPO Surge
Main Idea
Ark Invest purchased 2.53 million shares of Bullish across three ETFs following its IPO surge, reflecting strong institutional interest in the cryptocurrency exchange.
Key Points
1. Ark Invest bought 2.53 million Bullish shares across ARKK, ARKW, and ARKF ETFs on August 14, 2025.
2. Bullish's shares surged 200% intraday post-IPO, closing at $68, an 84% increase from its IPO price of $37.
3. BlackRock and ARK Investment Management had previously shown interest in acquiring up to $200 million worth of Bullish shares.
4. Bullish CEO Thomas Farley stated the digital assets industry is at an inflection point, with increasing institutional appetite.
5. Other crypto-related IPOs, such as Circle and Figma, also saw significant share price increases post-launch.
Description
Cathie Wood’s Ark Invest has disclosed its recent purchase of a total of 2.53 million shares of Bullish across three of its exchange-traded funds (ETFs). According to the firm’s latest trade disclosure , the ARK Innovation ETF (ARKK) bought 1.7 million shares of Bullish, followed by the ARK Next Generation Internet ETF’s (ARKW) acquisition of 545,416 shares. Meanwhile, the ARK Fintech Innovation ETF (ARKF) also bought 272,755 Bullish shares. All three purchases were made on Wednesday. Ark Invest...
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