Cathie Wood's Ark Invest acquired over 2.5 million shares of Bullish (BLSH) during its debut on the New York Stock Exchange, securing a stake exceeding $170 million. The purchases were distributed across three funds: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Following its IPO, Bullish's stock surged nearly 100%, with shares reaching $102 from the initial price of $37. This bullish performance contrasts with a declining crypto market, where other stocks like Circle and eToro also saw price drops. Ark has previously invested heavily in newly public crypto firms, showcasing Wood's strategic focus on emerging opportunities in the crypto sector. In addition to Bullish, Ark holds significant stakes in Circle and eToro, with valuations increasing substantially since their respective IPOs.

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