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Cathie Wood's ARK bought over $5 million in bullish stocks, betting on its expansion in the U.S. market.
According to a TechFlow report on November 2, Cointelegraph reported that Friday's daily trading disclosures revealed that ARK Invest, led by Cathie Wood, recently increased its holdings in Bullish (ticker BLSH) stock, with an investment amount exceeding $5 million.
This move comes at a time when Bullish is expanding in the United States: the exchange has obtained a BitLicense and a money transmission license in New York and has launched trading services in about 20 states.
According to reports, multiple ETFs under ARK focus on buying: its ARK Innovation ETF (ARKK) purchased approximately 72,537 shares, ARK Next Generation Internet (ARKW) bought 21,354 shares, and ARK Fintech Innovation (ARKF) acquired 11,122 shares.
Previously, it was reported that Cathie Wood's Ark Invest increased its holdings of Bullish stock by 161,183 shares.