Ark Invest buys $12.5 million of Bullish stock in four days

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Ark Invest buys $12.5 million of Bullish stock in four days Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies. What to know: - Ark Invest bought $5 million worth of Bullish (BLSH) stock on Thursday, the fourth day in a row it has added BLSH shares. - Cathie Wood's investment manager has purchased $12.5 million worth of shares in the crypto group. - BLSH shares closed 0.2% lower at $35.96 on Thursday. Ark Invest bought $5 million worth of Bullish (BLSH) stock on Thursday, the fourth day in a row it has added BLSH shares to its exchange-traded funds (ETFs). Cathie Wood's investment manager has purchased $12.5 million worth of shares in the crypto group, which is also CoinDesk's parent company, since Monday based on the stock's closing prices, according to emailed disclosures. BLSH shares closed 0.2% lower at $35.96 on Thursday, having fallen more than 17% in the last two weeks, a period in which bitcoin Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies. More For You Bitcoin holds between $76,000 and $78,000 while AI tokens and HYPE surge; derivatives signal calm conditions with volatility selling dominating options markets. What to know: - AI tokens NEAR (+28.5%) and FET (+11.4%) led Friday's altcoin action as speculative flows rotated out of privacy coins DASH, ZEC and XMR, which shed much of their early-week gains. - HYPE hit a record high after rallying ~60% since Tuesday, driven by heavy short liquidations and institutional demand following the...

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