Cathie Wood’s Ark Invest purchased $21.3 million in Robinhood Markets shares through its ETFs on Wednesday, according to the firm’s official disclosure. The move reflects Ark Invest’s continued confidence in crypto-related platforms.
The Ark Innovation ETF (ARKK) acquired 131,049 shares, while the ARK Next Generation Internet ETF bought 36,440 shares. Combined, Robinhood shares represent roughly 19% of both ETFs. Ark Invest has steadily increased its exposure to crypto-centric firms this year, including Bullish, Coinbase, and ETH treasury firm BitMine, signaling a broader bullish stance on digital assets and crypto adoption. Robinhood itself has expanded aggressively in crypto, acquiring WonderFi for $180 million in May, buying Bitstamp for $200 million in June, and planning a Layer 2 blockchain on Arbitrum. Its crypto trading volume rose to $28.3 billion in Q2 2025, up 24% YoY.
Investors and analysts will likely watch Robinhood’s integration of new crypto products and Ark’s allocation strategy in coming weeks for further market signals.
Source: https://finance.yahoo.com/quote/HOOD/
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