Bullish Shares Rise 5% After Securing New York BitLicense – 17/9/2025
Shares of Bullish (BLSH) jumped 5% to $53.12 on Tuesday after the crypto platform received a BitLicense from the New York State Department of Financial Services. The approval allows Bullish US Operations LLC to offer spot trading and custody services to institutional clients in New York, marking a major step in the company’s U.S. expansion.
Until now, Bullish was regulated only in Germany, Hong Kong, and Gibraltar. The license enables the company to serve advanced U.S. traders and strengthens its institutional-focused platform. Bullish’s parent company also owns CoinDesk.
The licensing news comes shortly after ARK Invest boosted its holdings, with the ARK Innovation ETF (ARKK) acquiring 120,609 shares and the ARK Next Generation Internet ETF (ARKW) adding 40,574 shares, valued at about $8.21 million.
Bullish will report second-quarter earnings after markets close on Wednesday. Investment bank KBW recently initiated coverage with a “market perform” rating and $55 price target, highlighting U.S. expansion as a key growth driver.
Since its August NYSE direct listing, Bullish shares surged to $104 at open before closing at $68. The BitLicense announcement gives the stock a timely boost, with Bernstein noting that successful U.S. expansion, slated for 2026, could position Bullish as a strong competitor to Coinbase.
