ARK bought around 2.5 million shares—worth roughly $172 million at the close—across three exchange-traded funds.

The first trade in crypto-trading platform Bullish's stock was at $90 at 1:01 p.m. Eastern for 4.6 million shares, or 143.2% above the IPO pricing of $37. The strong opening comes after the number of shares sold was upsized to 30 million from an original expected offering of 20.

Bullish shares jumped 84% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering.