• 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 digital-asset ecosystem.
• With Bullish’s shares rising over the past week, we’ll examine how ARK Invest’s sizeable ETF buying reshapes the company’s investment narrative.

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