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Ark Invest Bolsters Stake in Bullish Crypto Exchange Despite Market Headwinds
Ark Invest Bolsters Stake in Bullish Crypto Exchange Despite Market Headwinds
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BTCCSquare news:
Cathie Wood's Ark Invest has deepened its commitment to the crypto sector with an $8.3 million purchase of Bullish (BLSH) shares. The acquisition, executed through ARKK and ARKW ETFs on September 16, signals continued institutional confidence despite the exchange's 24% decline since its NYSE debut last month.
Bernstein analysts project a $60 price target for Bullish, anticipating it could become the second-largest institutional crypto platform. This latest investment follows Ark's $172 million position during the exchange's $1.1 billion IPO week, underscoring a strategic accumulation pattern.
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