SEC Filing Summary: Bullish (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Bullish for the reporting period ending March 31, 2026. The document discloses the company's holdings in equity securities as required by the Securities and Exchange Commission. It does not contain operational financial statements (e.g., revenue, profit, or cash flow) for Bullish itself.
Key Financial Metrics and Holdings
The filing details the following equity positions held by Bullish, all with sole voting authority:
| Issuer | Title of Class | Shares Held | Value (USD) |
|---|---|---|---|
| Grayscale Bitcoin Mini Trust | ETF | 4,523,963 | $135,673,650 |
| Grayscale CoinDesk Crypto USD | SHS | 2,255,000 | $70,333,450 |
| iShares Bitcoin Trust | ETF | 40,000 | $1,536,800 |
| ProShares Trust | Coin 20 Crypto ETF | 190,000 | $3,951,677 |
Total Disclosed Value: Approximately $211.5 million.
Note: The filing text does not provide clear values for Bullish's corporate revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing text does not provide data for the prior comparable period; therefore, material changes in holdings or value cannot be calculated from this document alone.
Guidance, Outlook, and Risks
This Form 13F is a statutory disclosure of holdings and does not contain management commentary, future guidance, outlook, or specific risk factors regarding Bullish's operations. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total aggregate value of Bullish's disclosed crypto-related ETF holdings against the reported $211.5 million.
- Confirm the specific CUSIP numbers for the Grayscale and iShares products to ensure accurate asset identification.
- Check subsequent filings to determine if these positions were maintained, increased, or liquidated in the following quarter.
- Review Bullish's separate 10-K or 10-Q filings (if available) for actual corporate financial performance, as this 13F only lists investment assets.