BLSH 6-K SEC Filing Analysis

Latest settled — T+20d

BLSH ▲ +17.37% at T+20d

LONG call ✓ call won +17.37% · α vs SPY +8.83% · entry $38.63 → $45.34

Next anchor: T+60d in 23d

Currently $26.90 · -30.37% from $38.63 entry

Entry anchored
Apr 7, 06:35 PM ET
via Databento tick

T+1d

-6.50%

call -6.50% · α -7.07%

$36.12

settled 2mo ago

T+5d

+7.87%

call +7.87% · α +4.35%

$41.67

settled 8w ago

T+20d

+17.37%

call +17.37% · α +8.83%

$45.34

settled 5w ago

T+60d

—

call — · α —

—

in 23d

Price Chart

Loading chart...

Executive Summary

Bullish released its unaudited monthly metrics for March 2026, showing a significant increase in total trading volume to $84.1 billion, up from $60.4 billion in February. The report also includes data on average trading spreads and volatility for key cryptocurrencies.

Actionable Insight

The substantial increase in trading volume suggests growing platform adoption and could indicate higher transaction fee revenue. Traders should monitor whether this volume trend continues in April and whether higher volatility persists, as both could impact near-term financial performance.

Key Facts

Total trading volume reached $84.1 billion in March 2026, up from $60.4 billion in February 2026
Spot trading volume was $77.4 billion, with BTC spot volume at $41.8 billion and ETH spot volume at $19.0 billion
Perpetual futures trading volume increased to $4.4 billion from $3.1 billion in February
Average trading spread for spot trades was 2.22 bps, up slightly from 2.01 bps in February
BTC volatility increased to 61% annualized from 48% in February, while ETH volatility rose to 82% from 46%

Financial Impact

Trading volume increased by $23.7 billion (39% growth) month-over-month

tradingVolumeliquidityrevenuePotential

Risk Factors

The metrics are preliminary and unaudited
Increased volatility could lead to higher risk exposure
Volume growth may not translate directly to proportional revenue growth if trading spreads compress

Market Snapshot

Exchange

NYSE

Sector

Finance Services

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
6-K Filing (Primary)	0001437749-26-011680
Exhibit: ex_931556.htm	0001437749-26-011680
Document: blsh20260311_6k.htm	0001437749-26-011680
Document: 0001437749-26-011680-index-headers.html	0001437749-26-011680
Document: 0001437749-26-011680-index.html	0001437749-26-011680
Document: 0001437749-26-011680.txt	0001437749-26-011680

6 reports for BLSH

T+1T+5T+20T+60

33% Hit rate 1 of 3 directional calls best @ T+20▲ +31.80%May 7, 2026

Filters

Reports for BLSH — sortable, filterable
	Type				Now
Jun 8, 2026 1d ago	6-K BEARISH ★ 6/10	$26.97 awaiting T+5	awaiting T+5	—	$26.90 (+0.24%)
May 14, 2026 26d ago	6-K MIXED ★ 6/10	$39.46 $35.96	▼ −8.87%	▼ −8.15%	$26.90 (−31.83%)
May 7, 2026 4w ago	6-K BEARISH ★ 6/10	$41.20 $41.81	▼ −1.48%	▲ +0.02%	$26.90 (+34.71%)
May 5, 2026 5w ago	6-K BULLISH ★ 8/10	$45.34 $44.03	▼ −2.89%	▼ −4.87%	$26.90 (−40.67%)
May 5, 2026 5w ago	Press Release BULLISH ★ 8/10	$45.34 $44.03	▼ −2.89%	▼ −4.87%	$26.90 (−40.67%)
Apr 8, 2026 8w ago	6-K BULLISH ★ 6/10	$38.63 $41.67	▲ +7.87%	▲ +4.35%	$26.90 (−30.37%)

US Market Status

Market Closed — Opens Thu (10h 5m)

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access