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ARK Invest Buys $39.4M Robinhood Stock and Sells $6.1M of Its Bitcoin ETF
ARK Invest bought about $39.4 million of Robinhood shares on April 29 and sold roughly $6.1 million of its ARK 21Shares Bitcoin ETF. The purchase covered 553,892 HOOD shares across ARKK, ARKW, and ARKF. Robinhood reported a 47% year-over-year drop in first-quarter crypto revenue, and total revenue of $1.07 billion missed the $1.17 billion analyst consensus.