Cathie Wood once again shows that cryptocurrencies remain at the center of her investment strategy. On Monday, ARK Invest increased its involvement in the Bullish cryptocurrency exchange, acquiring approximately 238,000 shares worth nearly USD 12 million. All this while the market is falling more and more – when the market bleeds, the whales go on the hunt.
The systematic accumulation continues – Cathie Wood doesn’t stop
According to ARK’s daily reports, the largest share of purchases came from the flagship ARK Innovation ETF (ARKK), which purchased 164,214 shares. ARK Next Generation Internet ETF (ARKW) added 49,056 shares and ARK Fintech Innovation ETF (ARKF) added 25,076 shares.
This is another transaction as part of the ongoing purchasing campaign. A week earlier, the company invested over $5 million in Bullish stock. Since its debut on the New York Stock Exchange for USD 1.1 billion, ARK has already acquired shares worth approximately USD 172 million – quite a considerable appetite for a relatively young platform.
The options platform generates momentum
Cathie Wood’s shopping timing is not accidental. Bullish just launched a cryptocurrency options trading platform that generated over $82 million in volume in just five days of launch. Key innovation? Clients can use the entire portfolio as collateral for both spot, futures and options transactions – a solution that significantly increases capital efficiency.
The premiere was attended by institutional players: FalconX Global, Wintermute and BlockTech.
We have created a product to solve the problems that exist in crypto options trading today
– wrote Bullish on the X platform.
Regulatory foundation and scale of operations
In October, Bullish officially launched operations in 20 US states after obtaining a BitLicense and money transmission license from the New York State Department of Financial Services. This is a regulatory milestone that is not easy to achieve in the cryptocurrency world.
The exchange, founded in 2021, has already processed over USD 1.5 trillion in global volume and ranks among the top ten exchanges in terms of activity in BTC and ETH. The first institutional clients are BitGo and Nonco. Bullish shares closed at $50.26, down 0.71%. In aftermarket trading, they dropped slightly to USD 50.02. Cathie Wood clearly doesn’t care about short-term fluctuations because her strategy seems clear and consistent.
