PANews reported on August 14th that, according to CoinDesk, Ark Invest purchased over 2.5 million shares of Bullish (BLSH) on its first day of trading on the New York Stock Exchange, distributed across three ETFs: ARKK, ARKW, and ARKF. The holdings are valued at over $170 million. Bullish's stock price rose 84% from its IPO price, closing at $68, with 20.3 million shares traded on its first day of trading. During the same period, crypto-related IPOs such as Circle and eToro performed poorly.