On Tuesday, Cathie Wood-led Ark Invest made several significant trades, with the most notable being the purchase of shares in Bullish (NYSE:BLSH).
The Bullish Trade
Ark Invest’s primary trade of the day was in Bullish, a cryptocurrency exchange backed by billionaire investor and entrepreneur Peter Thiel. The firm purchased shares of Bullish through three of its funds – Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW). The total number of shares bought was 23,963, with the trade valued at approximately $1.09 million based on the closing price of $45.75.
In August, Bullish increased the size …
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