ARK Invest Increases Stake in $50 Million Worth of Bullish Stock

BlockBeats News, May 22nd, Cathie Wood's investment firm Ark Invest once again bought approximately $5 million worth of Bullish stock on Thursday through its three exchange-traded funds (ETFs), despite the stock closing lower that day.

According to Ark's daily trade disclosure, Ark purchased a total of 139,117 shares of Bullish stock on Thursday through its Innovation (ARKK), Next Generation Internet (ARKW), and Blockchain and Fintech Innovation (ARKF) ETFs. Based on the closing price that day, this transaction was valued at approximately $5 million.