Bullish Debuts on US Stock Market with 83.78% Surge

According to CoinDesk, Ark Invest purchased over 2.5 million Bullish shares on its NYSE listing day, contributing to an 84% surge to close at $68 amid mixed performance among other crypto stocks.

Summary

Crypto trading platform Bullish (BLSH) debuted on the US stock market with an 84% surge, closing at $68. Additionally, Ark Invest acquired over 2.5 million shares on its NYSE listing day, holding positions in ARKK, ARKW, and ARKF valued at over $170 million, while peers like Circle and eToro underperformed.

Terms & Concepts
  • IPO: Initial Public Offering, the first sale of stock by a company to the public.
  • NYSE: New York Stock Exchange, a major US marketplace where public company stocks are traded.