- Investment company Ark Invest, led by Cathie Wood, bought nearly $39,4 million worth of Robinhood shares for three of its exchange-traded funds.
- The organization also sold its stake in its own spot bitcoin ETF worth $ 6,1 million
Investment company Ark Invest, led by Cathie Wood, bought nearly $39,4 million in Robinhood shares for three of its exchange-traded funds, and also sold a stake in its own spot BTC-ETF on $ 6,1 million
According to According to company, it bought a total of 553,892 shares of Robinhood Markets Inc. and sold 243,147 shares of the funds Ark Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF). In addition, Ark Invest sold 243,147 shares ETF Ark 21Shares Bitcoin from ARKW and ARKF.
Previously edited Happy Coin News Wrote that Ark Typically adjusts the asset structure so that the share of stocks in the portfolio does not exceed 10%. The company actively reallocates shares when the value of certain assets changes significantly.
Robinhood is currently the sixth-largest holding in the ARKK fund with a 4,3% stake ($275,3 million), the fourth-largest holding in the ARKW fund (4,6% or $75,6 million), and the sixth-largest holding in the ARKF fund (4,4% or $36,1 million). By comparison, Tesla, Advanced Micro Devices, and Shopify are among the largest holdings in these funds with stakes of 9,7%, 9%, and 9,4%, respectively, and valuations of $623 million, $148 million, and $77 million, respectively.
Bitcoin ETF Ark 21Shares remains the third-largest holding in its ARKW fund with a 5,7% stake worth $94,5 million and the second-largest holding in its ARKF fund (6,4% or $52,5 million).
The Robinhood stock purchases come as the stock has fallen more than 13% since the company reported about the decline in revenue in the first quarter of 2026.
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