Ark Invest Buys $39.4M of Robinhood Shares After HOOD Falls 13.2%

Ark Invest bought about $39.4 million of Robinhood shares after HOOD fell 13.2% on Wednesday. The firm bought 553,892 shares across ARKK, ARKW, and ARKF, while selling about $6.1 million of its own spot Bitcoin ETF. Robinhood’s first-quarter disclosure showed crypto revenue and trading volume fell about 50%, while ARKB recorded $30 million in net outflows that day.

BTC0.2%
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