Cathie Wood’s ARK Invest Adds $12 Million in Bullish Shares as Options Trading Surges

Cathie Wood?s ARK Invest has expanded its position in Bullish, the crypto exchange that recently debuted on the New York Stock Exchange, purchasing roughly 238,000 shares valued at around $12 million across its flagship funds on Monday.

???? ARK Increases Exposure Across Multiple ETFs

According to ARK?s daily trade disclosures, the firm?s latest Bullish acquisition was distributed across three of its major funds:

• ARK Innovation ETF (ARKK): 164,214 shares

• ARK Next Generation Internet ETF (ARKW): 49,056 shares

• ARK Fintech Innovation ETF (ARKF): 25,076 shares

The move builds on ARK?s steady accumulation of Bullish stock. Just last Friday, the firm purchased more than $5 million worth of shares across multiple ETFs.

ARK began buying Bullish shortly after the exchange?s $1.1 billion NYSE debut earlier this year, investing approximately $172 million at launch.

Related: Bullish shares rise as Q2 earnings beat analyst estimates

???? Bullish Sees Record Volume After Options Platform Launch

ARK?s latest purchase coincided with Bullish?s surge in trading activity following the launch of its crypto options platform.

Within just five days of release, the platform generated over $82 million in trading volume, marking a record for the exchange. The new product allows traders to use their entire portfolio as collateral across spot, futures, and options markets?significantly improving capital efficiency.

?We?ve built a product that aims to resolve the pain points that exist today in trading crypto options,? Bullish stated in an X post on Monday.

Institutional partners including FalconX Global, Wintermute, and BlockTech participated in the platform?s rollout.

Bullish shares closed 0.71% lower at $50.26 on Monday, with after-hours trading showing a slight dip to $50.02, according to Google Finance.