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3w ago

ARK Invest Adds to Bullish Stake After Earnings Beat as Shares Rebound

Analysts peg upside to a 2026 U.S. launch, with a $60 target contingent on execution.

ARK Invest
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Overview

  • ARK Invest bought 197,511 Bullish shares across two sessions, including 161,183 shares on Sept. 16 and 36,328 shares on Sept. 17, for a combined outlay of roughly $10.2 million via ARKK and ARKW.
  • The manager’s total Bullish exposure now tops about $129 million across three ETFs, reflecting roughly 2.52 million shares after post-IPO rebalancing.
  • Bullish reported second-quarter earnings of $0.93 per share and guided to higher adjusted EBITDA of $25 million to $28 million for Q3.
  • The stock closed at $54.35 on Wednesday, up 5.82% after the results, and extended gains in premarket trading, though it remains well below debut levels reported earlier.
  • Bullish said its U.S. unit secured a New York BitLicense and Money Transmission License, clearing it to offer institutional spot trading and custody services in the state.