Overview
- ARK disclosed the purchase of 238,346 Bullish shares on Monday, valued at about $11.98 million, spread across ARKK, ARKW, and ARKF.
- Allocations were 164,214 shares to ARKK, 49,056 to ARKW, and 25,076 to ARKF, taking fund weights to roughly 0.97%, 0.98%, and 1.18%, respectively.
- The latest buy builds on ARK’s initial $172 million IPO stake, with one outlet estimating its cumulative Bullish investment now exceeds $209 million.
- Bullish launched U.S. spot trading in October after securing a BitLicense and a Money Transmission License from New York regulators.
- Bullish shares closed at $50.26 on Monday and are down about 22% over the past month and roughly 47% since the August debut; the company reports Q3 on Nov. 19.