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Cathie Wood’s ARK Invest bought 2.53 million shares of crypto exchange Bullish across three of its exchange-traded funds (ETFs) on Wednesday, in the company’s successful IPO.
According to trade notifications, the ARK Innovation ETF (ARKK) picked up 1,714,522 shares, the ARK Next Generation Internet ETF (ARKW) added 545,416 shares and the ARK Fintech Innovation ETF (ARKF) bought 272,755 shares. At Bullish’s $68 closing price, the combined purchases were worth about $172 million.
Bullish’s stock ended its first trading session up 83.8% from its…
