Overview
- Ark Invest bought 238,346 Bullish shares on Monday for about $11.98 million across ARKK, ARKW, and ARKF, allocating 164,214, 49,056, and 25,076 shares, respectively.
- A day later, Ark added 23,963 more Bullish shares valued around $1.09 million at a $45.75 reference price, according to Benzinga’s summary of the firm’s trade disclosure.
- Together with its August entry, Ark’s cumulative Bullish investment now exceeds $209 million, building on an initial ~$172 million stake at the NYSE debut.
- Bullish has launched U.S. spot trading in roughly 20 states after obtaining a BitLicense and Money Transmission License from New York regulators and reports more than $1.5 trillion in cumulative trading volume since late 2021.
- Investors are watching the Nov. 19 Q3 report after Bullish’s profitable Q2 ($108.3 million net income on $57 million adjusted revenue) and as the stock trades near $50, down about 22–27% over the past month and roughly 47% since listing.