Ark Invest continued to build its presence in the crypto sector on Monday, purchasing more than 10 million dollars worth of Bullish shares across three of its exchange-traded funds. The move reflects the firm’s steady commitment to companies tied to digital assets, even as market conditions remain uneven.
According to Ark’s latest trading report, the ARK Innovation ETF added 191,195 Bullish shares, the Next Generation Internet ETF bought 56,660 shares, and the Fintech Innovation ETF picked up another 29,208 shares. Together, the buys total 10.2 million dollars.
The purchases came during a rough trading day for Bullish, which closed down 4.5 percent at 36.75 dollars on the New York Stock Exchange. Despite the dip, the exchange remains on investors’ radar as it prepares to report third quarter earnings on November 19.
Bullish, backed by tech investor Peter Thiel, recorded 57 million dollars in adjusted revenue in the second quarter, compared with 67 million dollars a year earlier. The company did post a turnaround on its bottom line, reporting 108.3 million dollars in net income after logging a 116.4 million dollar loss during the same period last year. The exchange has also been expanding its reach, launching spot trading in the United States in early October after securing a key New York license. Since late 2021, it has processed more than 1.5 trillion dollars in cumulative trading volume.
Ark Invest has been active in the crypto space throughout the year. Just last week, the firm bought 7.28 million dollars in Bullish shares along with additional positions in Circle and BitMine, signaling ongoing interest in companies building digital asset infrastructure.
