Ark Invest Goes All-In: Snaps Up 2.5M+ Bullish Shares During NYSE Debut Frenzy

Wall Street's crypto-curious got a masterclass in conviction trading today.

Ark Invest—Cathie Wood's disruptive-tech juggernaut—doubled down on its blockchain bet, acquiring over 2.5 million shares of Bullish during the exchange's first day of NYSE trading. The move signals institutional appetite for crypto infrastructure plays—or perhaps just another case of FOMO infecting finance suits.

While traditional investors were busy rebalancing their 60/40 portfolios into oblivion, Ark's algorithms were busy eating the Bullish order book. The purchase eclipses most competitors' position sizes, proving once again that when Wood zigzags, the market eventually follows.

One question lingers: strategic allocation, or just another high-profile gamble with other people's 401(k) money?