ARK Invest Snaps Up $172M in Bullish Stock on NYSE Debut

Cathie Wood's ARK Invest has made a significant investment in Bullish stock, purchasing $172 million worth of shares across three ETFs on its NYSE debut.

The ARK Innovation ETF bought 1.7 million shares, while ARKW and ARKF acquired smaller positions.

Bullish stock soared 83.8% to close at $68 after raising $1.1 billion through its IPO, pricing shares at $37, exceeding projected ranges of $32, $33.

The stock gained another 11.2% in after-hours trading following the strong debut performance.

ARK's investment signals institutional confidence in crypto exchange infrastructure and aligns with Wood's broader cryptocurrency investment strategy across her innovation-focused ETF portfolio.