Ark Invest boosts Bullish stake by $11.98 million despite stock slump
The post Ark Invest boosts Bullish stake by $11.98 million despite stock slump appeared on BitcoinEthereumNews.com.
Cathy Wood-backed Ark Invest has increased its stake in Peter Thiel-backed crypto exchange Bullish by $11.98 million, adding to the already existing $172 million position. As of November 3, Bullish accounts for 1.18% of Ark Invest’s ARKF’s portfolio, 0.98% of ARKW, and 0.97% of its flagship ETF ARKK’s holdings. Ark Invest acquired a total of 238,3346 shares, with ARK Innovation ETF (ARKK) getting the lion’s share of 164,214 shares. ARK Next Generation Internet ETF (ARKW) followed with 49,056 shares, and the ARK Fintech Innovation ETF added 25,076 shares. Together, ARK Invest’s total investment in Bullish since its August debut on the New York Stock Exchange exceeds $209 million. However, data shows that Bullish (BLSH) has been on a constant decline YTD. Bullish has dropped by 47.48%, both YTD and over the past six months, and 22% in the past month. It has also lost 10.74% over the past five days and 0.61% (-0.31%) over the past 24 hours. The stock’s pre-market plunge saw Bullish drop to $49.05, representing a 2.47 drop (-1.23). ARK Invest’s faith remains Bullish $82M+ in first 5 days – a #Bullish start for our new Options product. Thank you to our day-one trading partners, including: @FalconXGlobal, @wintermute_t, BlockTech and more! Eligible customers will be able to leverage their entire portfolio as collateral across spot, futures,… pic.twitter.com/iFwQjV2Mwl — Bullish (@Bullish) November 3, 2025 ARK Invest has chosen to hold on to its faith in Bullish despite the exchange’s dismal performance this year. Data indicate that the exchange has been in a constant decline since its launch, with a decline of roughly 47%. However, a recent boost from institutional traders has seen the exchange’s new crypto options platform attract a five-day trading volume of nearly $82 million. Institutional partners, including Block Tech, FalconX Global, and Wintermute, participated in…
Filed under: News - @ November 4, 2025 6:32 pm