NYSE:BLSHCapital Markets
Bullish (BLSH) Is Up 11.4% After ARK Rotates Crypto Exposure From Coinbase To Bullish
In recent days, Cathie Wood’s ARK Invest shifted its crypto exposure by purchasing about 716,030 shares of crypto exchange operator Bullish for roughly US$17.8 million across multiple ETFs while trimming its Coinbase position by a similar dollar amount.
This reallocation, made during broader crypto equity weakness and following Bullish’s earnings that exceeded analyst expectations despite ongoing losses, highlights growing institutional interest in the platform’s role within the...