Cathie Wood's Ark Invest buys $21 million worth of Robinhood shares
Quick Take
- Ark Invest bought $21.3 million worth of Robinhood shares for two ETFs on Wednesday.
- Ark Invest has been increasing its exposure to crypto-related stocks, buying shares in Robinhood, Bullish, Coinbase and ETH treasury firm BitMine.
Cathie Wood's Ark Invest purchased $21.3 million worth of Robinhood Markets shares through two of its exchange-traded funds, according to its Wednesday disclosure.
The Ark Innovation ETF (ARKK) acquired 131,049 shares of Robinhood on Wednesday, while ARK Next Generation Internet ETF bought 36,440 shares. Robinhood shares take up around 19% of both ETFs as of yesterday.
Throughout the year, Ark Invest has been increasing its exposure to crypto-related stocks by acquiring shares Robinhood, Bullish, Coinbase and ETH treasury firm BitMine.
Meanwhile, online brokerage and trading platform Robinhood has increased its investments in crypto trading operations through significant strategic moves in 2025.
In May, Robinhood acquired Toronto-based platform WonderFi for approximately $180 million to expand its crypto offerings into Canada. It also completed a $200 million acquisition of Bitstamp in June. It revealed in the same month that it is planning to launch its own Layer 2 blockchain based on Arbitrum. Most recently, Robinhood added support for BNB trading on the platform.
According to The Block's data dashboard, Robinhood Crypto recorded $28.3 billion in volume in the second quarter of 2025, up 24% year-over-year.
Robinhood (HOOD) fell 3.5% on Wednesday, closing markets at $127.22.
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