Cathie Wood Bets Again On Peter Thiel-Backed Crypto Platform, Ark Picks Up Stock Worth $3 Million

On Tuesday, Cathie Wood-led Ark Invest made significant moves by acquiring shares in Bullish (NYSE:BLSH). This strategic decision highlights Ark’s continued confidence in the digital asset platform, following its recent financial performance.

The Bullish Trade

Ark Invest’s acquisition of Bullish shares on Tuesday was executed through two of its ETFs. The ARK Innovation ETF (BATS:ARKK) purchased 80,124 shares, while the ARK Fintech Innovation ETF (BATS:ARKF) acquired 5,648 shares. With Bullish closing at $34.80, the total value of these trades amounted to approximately $2.98 million.

Bullish came out with an impressive third-quarter earnings

Full story available on Benzinga.com