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#ARKInvest Buys $172M Bullish Shares on NYSE Debut
Cathie Wood's ARK Invest purchased $172 million worth of Bullish shares across three ETFs as the crypto exchange debuted on the NYSE Wednesday. The ARK Innovation #ETF bought 1.7 million shares, while ARKW and ARKF acquired smaller positions.
Bullish stock soared 83.8% to close at $68 on its first trading day after raising $1.1 billion through its IPO. The Peter Thiel-backed exchange priced shares at $37, exceeding projected ranges of $32-$33 this week.
The stock gained another 11.2% in after-hours trading following the strong debut performance. Bullish plans to use IPO proceeds for general corporate needs, working capital, and potential future acquisitions.
ARK's significant investment signals institutional confidence in 
#crypto exchange infrastructure. The purchase aligns with Wood's br
