ARK Invest, led by Cathie Wood, purchased $172 million worth of Bullish shares on the day of the cryptocurrency exchange's public debut. The investment was distributed among three of ARK's exchange-traded funds (ETFs): the ARK Innovation ETF (ARKK) acquired over 1.7 million shares, ARK Next Generation Internet ETF (ARKW) added approximately 545,000 shares, while the ARK Fintech Innovation ETF (ARKF) bought about 273,000 shares at a closing price of $68. Bullish's stock surged 83.8% on its first trading day, concluding with a market capitalization exceeding $10 billion, and gained an additional 11.2% in after-hours trading. This debut marked Bullish’s second attempt at going public, previously failing in 2021 amid a challenging market landscape. The successful launch follows a trend of high-profile crypto offerings this year, further illustrating the burgeoning interest in cryptocurrency investments.

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