Cathie Wood's ARK Invest has expanded its bet on digital asset exchange Blish, which recently listed on the New York Stock Exchange under the ticker BLSH, acquiring more than $5 million worth of stakes in multiple ETFs.
According to Friday's daily trading disclosure, ARK Innovation ETF (ARKK) bullishly bought 72,537 shares, ARK Next Generation Internet ETF (ARKW) added 21,354 shares, and ARK Fintech Innovation ETF (ARKF) bought 11,122 shares.
The new purchase follows ARK Invest's purchase of $8.27 million in Bullish stock in mid-October through two funds. The company has been accumulating since the exchange's $1.1 billion NYSE debut, when ARK bought about $172 million worth of shares across funds.
The bulls rose 1.24% to close at $50.57 on Friday, recovering from early market volatility. The exchange is backed by Block.one and is led by CEO Tom Farley.
Bull stocks rose 1.2% on Friday. Source: Google Finance
Related: ARK Invest-backed company becomes largest holder of ETH outside the US
Bullish celebrates US launch
The purchase coincides with Burish's US launch event in New York, where the company brought together digital asset leaders to celebrate its expansion. “The energy in the room said it all. The future is bullish,” the company posted on X after the event.
In early October, Bullish officially launched in 20 US states after securing both a BitLicense and a money transfer license from regulators in New York. The platform launched spot trading with BitGo and Nonco as its first customers.
Bullish celebrates launch in the US. sauce: strong
Since launching globally in 2021, Bullish has processed over $1.5 trillion in transactions and currently ranks among the top 10 exchanges by trading volume for Bitcoin (BTC) and Ether (ETH).
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