ARK Invest Expands Bullish (BLSH) Position as Crypto Options Platform Gains Traction
Cathie Wood's ARK Invest increased its stake in Bullish (BLSH) with a $12 million purchase across its flagship ETFs this week. The MOVE follows last week's $5 million acquisition and builds upon ARK's initial $172 million investment during Bullish's NYSE debut at a $1.1 billion valuation.
Bullish's new crypto options platform recorded $82 million in trading volume within five days of launch. The integrated product enables portfolio-wide collateralization across spot, futures, and options markets—a structure designed to appeal to institutional traders. Market makers including FalconX Global and Wintermute participated in the platform's rollout.