Overview

• Ark bought 161,183 Bullish shares worth about $8.27 million on Sept. 16, split between ARKK (120,609) and ARKW (40,574).
• Bullish closed Tuesday at $51.36 and remains roughly 24% below its NYSE debut last month.
• Ark has been accumulating since the IPO, including about $172 million in purchases during the offering week across its ETFs.
• Disclosures indicate Ark’s Bullish position now exceeds $129 million across three funds.
• Bernstein set a $60 price target and projects Bullish could become the No. 2 institutional crypto exchange if its U.S. launch in 2026 succeeds.