Sujha is recognized as Women In Crypto 2024 while Cathie Wood’s Ark Invest expanded its crypto exposure, adding over 2.5 million Bullish shares through its ETFs amid an explosive IPO performance.
Cathie Wood’s Ark Invest increased its crypto exposure by purchasing 2,532,693 Bullish shares through its ETFs (ARKK, ARKW, and ARKF) for around $177 million at IPO close, with holdings rising to nearly $189 million as the stock, offered at $37, surged to a high of $118 and later traded at about $84, up 126% on the day. The robust performance, mirroring Circle’s explosive IPO, underscores growing institutional interest in public crypto offerings, while Ark’s diversified crypto portfolio includes significant stakes in Circle, Coinbase, Robinhood, and eToro, along with its Bitcoin ETF (ARKB) adding $36.6 million in funds.