Cryptocurrency exchange Bullish, supported by entrepreneur Peter Thiel, made a successful debut in the stock market, attracting the attention of Ark Invest and investors.
Ark Invest Purchases
Ark Invest, led by Cathie Wood, acquired a significant quantity of shares of Bullish. Ark Innovation ETF purchased 1.7 million shares, Ark Next Generation Internet ETF acquired 545,416 shares, and Ark Fintech Innovation ETF added 272,755 shares, collectively totaling $172 million.
Success of Bullish IPO
On its first trading day, Bullish shares closed 83.3% above the initial IPO price of $37. They opened at $90 on August 13, peaked at $118 during the session, and finished at $68. The market capitalization of Bullish peaked at $13.16 billion.
Overview of the Cryptocurrency Market
In the past 24 hours, the cryptocurrency market cap surpassed $4 trillion, reaching $4.13 trillion. Bitcoin is trading at $121,657, establishing a new all-time high of $124,457. Top gainers include Cardano, Kaia, Arbitrum, and other assets.
The successful debut of Bullish on the NYSE highlights growing interest in cryptocurrency IPOs and potential for further growth in the digital asset sector.
