ARK Invest Boosts Bullish Stake After NYSE Debut

ARK Invest has substantially expanded its bet on Bullish, the digital asset exchange that recently went public on the New York Stock Exchange under the ticker BLSH. According to daily trade disclosures from Friday, ARK Innovation ETF (ARKK) bought 72,537 Bullish shares, ARK Next Generation Internet ETF (ARKW) added 21,354, and ARK Fintech Innovation ETF (ARKF) purchased 11,122 shares. This latest acquisition, totaling over $5 million worth of shares across multiple ETFs, represents a continued accumulation strategy by one of Wall Street’s most prominent technology investors.

The new purchase comes as ARK Invest previously acquired $8.27 million in Bullish shares in mid-October through two of its funds. The firm has been methodically building its position since the exchange’s $1.1 billion NYSE debut, when ARK purchased roughly $172 million worth of shares across its funds. This brings ARK’s total investment in Bullish to well over $185 million, demonstrating a sustained conviction in the cryptocurrency exchange’s long-term prospects despite broader market uncertainties.

Bullish celebrated its US debut after securing critical regulatory approvals, including New York’s coveted BitLicense and money transmission license. These regulatory milestones enabled the exchange to launch trading operations across 20 states, marking a significant expansion of its American footprint. The strategic partnerships with BitGo and Nonco have further strengthened Bullish’s position in the competitive digital asset exchange landscape, providing institutional-grade custody solutions and enhanced market access.

The timing of ARK’s continued investment coincides with Bullish’s methodical regulatory compliance approach, which distinguishes it from many competitors in the cryptocurrency space. By securing the necessary licenses before expanding operations, Bullish has positioned itself as a regulated alternative in an industry often characterized by regulatory uncertainty. This compliance-first strategy appears to align with ARK Invest’s investment thesis, which frequently targets companies operating at the intersection of innovation and established regulatory frameworks.

Cathie Wood’s ARK Invest has established itself as one of the most vocal proponents of disruptive technologies, making its continued accumulation of Bullish shares particularly noteworthy. The distribution across ARKK, ARKW, and ARKF ETFs indicates a multi-faceted investment thesis that views Bullish as relevant to innovation, next-generation internet, and fintech themes simultaneously. This cross-ETF allocation strategy suggests ARK sees Bullish as playing multiple roles in the evolving digital asset ecosystem.

The sustained investment by ARK Invest, totaling over $185 million across multiple purchases since Bullish’s NYSE debut, represents a significant vote of confidence in regulated cryptocurrency infrastructure. Despite ongoing market volatility and regulatory scrutiny facing the broader digital asset industry, institutional investors like ARK continue to identify opportunities in companies that bridge traditional finance and cryptocurrency markets. Bullish’s public listing on the New York Stock Exchange, combined with its regulatory compliance and institutional partnerships, positions it uniquely to capture growing institutional interest in digital assets.

As cryptocurrency markets mature, the convergence of traditional finance and digital assets becomes increasingly evident through investments like ARK’s continued accumulation of Bullish shares. The pattern of repeated purchases following the initial public offering suggests a long-term conviction in Bullish’s business model and its ability to navigate the complex regulatory landscape while capturing market share in the growing institutional cryptocurrency trading space.