Coinjie.com news: On Wednesday, ARK Invest, the investment firm led by Cathie Wood, bought Robinhood (HOOD) stock worth approximately $39.4 million through three exchange-traded funds (ETFs) it manages, totaling 553,892 shares. Meanwhile, the firm sold 243,147 shares of its own ARK 21Shares Bitcoin ETF (ARKB) from ARKW and ARKF, worth about $6.1 million. Yesterday, Robinhood’s stock price fell 13.2% to $71.20, mainly because its Q1 earnings report showed that its cryptocurrency revenue and trading volume declined by about 50% compared with the end of last year.

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