In the shadowed corridors of Wall Street’s latest obsession, Cathie Wood’s Ark Invest has plowed $12 million into Bullish’s shares, a crypto exchange now dancing on the tightrope of U.S. regulatory approval. One might call it a “strategic move,” though the stock’s 22% descent over the past month suggests the tightrope walker has forgotten their safety net. 🪂
- Ark’s three ETFs-ARKK, ARKW, and ARKF-snagged 238,346 shares, now comprising nearly 1% of their portfolios. A humble gesture, one imagines, for a firm that once spent $172 million on Bullish’s NYSE debut. Progress, or merely profligacy? 💸
- Bullish, now trading in the U.S. since October (after securing licenses like a child begging for candy), boasts $1.5 trillion in cumulative volumes since 2021. A number so vast it makes one long for the simplicity of counting sheep. 🐑
- With Q3 earnings looming on November 19, Ark’s timing is either prophetic or the result of a particularly aggressive Excel formula. Either way, the market’s siren song grows louder. 🎶
As Ark’s funds-ARKK, ARKW, and ARKF-accumulate shares like a miser hoarding loose change, one wonders: Is this the dawn of a new financial era, or simply the echo of a crash waiting to happen? The stock’s recent plunge hints at the latter, yet Ark persists, as if the NYSE were some grand cathedral of capitalism where every dip is just a test of faith. 🕊️
Bullish’s U.S. launch, following its BitLicense and Money Transmission License victories, reads like a fairy tale-except the witch is the SEC and the potion is regulatory compliance. Cumulative trading volumes exceeding $1.5 trillion? A statistic so absurd it could only be true. 🤯
Since August, Ark has steadily climbed Bullish’s ladder, initially splurging $172 million. Now, with another $12 million, the firm may be preparing for Q3 earnings like a gambler doubling down at the craps table. Whether this is wisdom or folly remains to be seen, but the odds, as ever, favor the house. 🎲
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2025-11-04 12:45