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StocksUpdated•Originally published 30 April 2026•Updated 30 April 2026•

1 min read

ARK Invest Buys $39.4M in Robinhood Shares, Trims Bitcoin ETF Holdings

Key Facts

1ARK Invest purchased approximately $39.4 million worth of Robinhood Markets shares on April 29.

2The firm sold around $6.1 million of its ARK 21Shares Bitcoin ETF (ARKB).

ARK Invest, led by Cathie Wood, purchased 553,892 shares of Robinhood Markets (HOOD) valued at approximately $39.4 million, distributing the trade across its ARKK, ARKW, and ARKF ETFs. The acquisition occurred on the same day Robinhood's stock plummeted 13.2% to close at $71.20 following earnings results that fell below market expectations. Simultaneously, the firm reduced its exposure to the ARK 21Shares Bitcoin ETF (ARKB), selling shares worth roughly $6.1 million. This tactical move highlights Wood's strategy of 'buying the dip' in fintech equities while rebalancing crypto-related holdings. The significant investment suggests a long-term bullish outlook on the trading platform despite the immediate post-earnings sell-off. Investors continue to monitor these adjustments as ARK navigates high-growth sectors amid market volatility.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Added specific share counts, the specific ARK funds involved in the trade, and the context of Robinhood's 13.2% price drop following earnings.