Ark Invest adds $12 million in Bullish shares across three ETFs

Cathie Wood's ARK Invest has made a significant move by adding $12 million in shares of Bullish, a new crypto options platform that has seen a remarkable $82 million in trading volume within just five days. This surge in options trading, particularly from institutional traders, highlights the growing interest and confidence in the cryptocurrency market. It’s an exciting development that could signal a shift in how traditional investors engage with digital assets.

Gate's latest proof of reserves report reveals a significant increase in its total reserves, now valued at $11.67 billion with a remarkable reserve ratio of 124%. This is a positive sign for investors, showcasing the exchange's financial health and commitment to transparency in the crypto market.

ARK Invest has significantly boosted its investment in the cryptocurrency sector, increasing its stake in Bullish by 105,000 shares, now totaling 2.27 million shares valued at $114 million. This brings ARK's total crypto exposure to over $2.15 billion, highlighting a strong bullish sentiment in the market. This move is important as it reflects growing confidence in digital assets and could influence other investors to follow suit.

This week, Bitcoin and Ethereum corporate treasuries have experienced significant growth, with Strategy and BitMine announcing new acquisitions. These moves are important as they reflect increasing confidence in cryptocurrencies and could signal a trend of more companies investing in digital assets, potentially influencing market dynamics and investor sentiment.

XRP is approaching a bearish 'death cross' pattern, indicating potential further declines as the 50-day and 200-day moving averages converge. This technical signal is significant because it suggests that the token, which has already dropped by 5.67%, may continue to face downward pressure, impacting investors and market sentiment.

Dash's price has surged over 80% recently, hitting its highest point since January 22. This remarkable increase is attributed to a growing demand for privacy tokens in the cryptocurrency market. As investors seek more secure and anonymous transaction options, Dash's popularity is on the rise, making it a significant player in the evolving landscape of digital currencies.

Strategy has launched a new stream of euro-denominated preferred stock following their positive Q3 earnings report. This move is significant as it reflects the company's confidence in expanding its financial offerings and tapping into the European market. Investors may find this an attractive opportunity, potentially enhancing their portfolios with a stable income source.

Cathie Wood's Ark Invest has made a significant move by investing $12 million in Bullish shares, signaling confidence in the crypto exchange's growth as it expands its U.S. trading operations. This investment not only highlights Ark's commitment to the cryptocurrency sector but also reflects a broader trend of institutional interest in digital assets, which could pave the way for more innovation and competition in the market.

FTX Recovery Trust has decided to drop its motion to restrict payouts to creditors in certain countries, including China, where claims amount to approximately $380 million. This decision is significant as it reflects a shift in FTX's approach to managing its obligations to creditors, potentially allowing for a more equitable distribution of funds. However, the trust has also indicated that it may refile this motion in the future, leaving the door open for further developments in the ongoing recovery process.