Cathie Wood's ARK Invest increased its stake in the Bullish cryptocurrency exchange on Monday, purchasing approximately 238,000 shares worth about $12 million in its flagship ETF.
According to ARK's daily trading disclosure, the ARK Innovation ETF (ARKK) bought 164,214 shares, the ARK Next Generation Internet ETF (ARKW) added 49,056 shares, and the ARK Fintech Innovation ETF (ARKF) purchased 25,076 shares.
This move follows ARK's continued buying last week. On Friday, the investment firm accumulated over $5 million in Bullish shares through multiple ETFs.
Since the exchange went public on the New York Stock Exchange with an $11 billion valuation, ARK has been steadily increasing its holdings, having purchased a total of $172 million worth of shares through its funds at that time.
Bullish announced that its crypto options platform went live just five days ago, with trading volume exceeding $82 million. This news triggered a new wave of large-scale buying activity. The product allows clients to use their entire investment portfolio as unified collateral across spot, futures, and options markets to enhance capital efficiency.
Institutional partners including FalconX Global, Wintermute, and BlockTech participated in this launch. Bullish stated on the X platform on Monday: "We have created a product designed to address the current pain points in crypto options trading."
Bullish closed at $50.26, down 0.71%, with after-hours quotes falling to $50.02.
Last month, Bullish officially received a BitLicense and money transmitter license from the New York State Department of Financial Services, launching operations in 20 states in the U.S., marking an important regulatory milestone for any crypto enterprise.
Bullish started with two major institutional clients, BitGo and Nonco. Since its establishment in 2021, Bullish has processed a cumulative trading volume of over $1.5 trillion globally and ranks among the top ten exchanges by activity for Bitcoin and Ethereum.
Related: Tharimmune invests $540 million in Canton Coin, advancing crypto asset treasury strategy
Original article: “Cathie Wood's ARK Invest Increases $12 Million Bullish Stock Amid Surge in Options Trading”
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