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Ark Invest buys $39.4M of Robinhood, trims $6.1M of spot Bitcoin ETF

2026-05-02 09:14:23

Abstract generation in progress

Ark Invest bought about $39.4 million of Robinhood shares on Wednesday and sold about $6.1 million of its Ark 21Shares Bitcoin ETF. Robinhood shares fell 13.2% to $71.20 after weaker first-quarter earnings, while ARKB posted $30 million of net outflows. Ark still lists the Bitcoin ETF among the largest holdings in ARKW and ARKF.

BTC0.08%

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