Cathie Wood’s ARK Invest bought 238,000 shares of Bullish crypto exchange worth $12 million. ARK Innovation ETF purchased 164,214 shares, ARK Next Generation Internet ETF added 49,056 shares, and ARK Fintech Innovation ETF acquired 25,076 shares after buying $5 million last week. ARK has been accumulating shares since Bullish’s $1.1 billion NYSE debut.

Bullish reported over $82 million in trading volume within 5 days of launching its crypto options platform. Institutional partners like FalconX Global and Wintermute participated in the launch. Bullish shares closed at $50.26, down 0.71% on the day, with after-hours trading showing a slight dip to $50.02.

Bullish officially launched in 20 US states after obtaining regulatory licenses from the New York State Department of Financial Services. The exchange began operations with major clients BitGo and Nonco, processing over $1.5 trillion in global trading volume and ranking among the top 10 exchanges by BTC and ETH activity.

Read more at Cointelegraph: ARK Buys $12M in Bullish as Exchange’s Crypto Options Volume Surges