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Cathie Wood’s Ark Tops Up Robinhood Stake, Expanding Crypto Bet

From financefeeds.com

Cathie Wood’s Ark Invest has added a fresh slug of Robinhood stock, a move that lands at the crossroads of crypto, tokenization, and retail trading — and one that’s being hyped in ways the numbers don’t quite support. Ark’s flagship ARK Innovation ETF and the ARK Next Generation Internet ETF bought a combined 167,489 shares of Robinhood Markets this week, a ticket worth in the ballpark of $21–22 million based on recent prices. The purchase follows a year in which Ark has tilted toward crypto-linked names and market-structure plays, a basket that already includes Coinbase and privately held Bullish. Robinhood shares ... (full story)

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