Ark Make investments CEO Cathie Wooden has snapped up $21.3 million in Robinhood shares, sending the refill 6%.
Abstract
- Ark bought 131,049 shares of Robinhood by way of ARKK and 36,440 shares by way of ARKW, making the inventory almost 19% of each ETFs’ holdings.
- The transfer follows Ark’s latest crypto-focused initiatives, together with filings for Bitcoin ETFs and continued publicity to Coinbase, Bullish, and BitMine, with Coinbase remaining the biggest crypto-related holding.
Ark Make investments boosts Robinhood stake as platform expands crypto footprint
Robinhood shares jumped 5.6% in Wednesday’s buying and selling, and are up additional in pre-market following Ark Make investments’s latest buy of the corporate’s inventory throughout two flagship ETFs.
Based on Ark Make investments’s every day commerce disclosure on October 22, the agency bought $21.3 million price of HOOD shares throughout two of its flagship ETFs. The Ark Innovation ETF (ARKK) acquired 131,049 shares, whereas the Ark Subsequent Era Web ETF (ARKW) added 36,440 shares, making Robinhood almost 19% of each funds’ holdings.
The wager comes as Robinhood, initially a retail-trading platform, is increasing aggressively into crypto. In 2025, the corporate acquired WonderFi to strengthen its Canadian footprint and Bitstamp to achieve international licensing and entry to institutional order books. It’s additionally creating a Layer-2 blockchain on Arbitrum (ARB) and just lately added BNB buying and selling.
The Robinhood inventory buy comes on the heels of Ark Make investments’s two different latest crypto-related initiatives, specifically filings for brand spanking new Bitcoin ETFs—the Bitcoin Yield ETF and ARK DIET Bitcoin 1 and a couple of ETFs—designed to supply yield and draw back safety for institutional traders.
Past these ETF filings and the newest Robinhood funding, Ark Make investments has steadily elevated publicity to crypto-adjacent corporations together with Coinbase, Bullish, and BitMine. Amongst these, Coinbase stays Ark’s largest crypto-related place.
