Ark Invest bought 124,427 Robinhood shares, worth approximately $15.4 million across two of its exchange-traded funds on Thursday as the crypto and equity trading firm’s stock dropped 9.1%, according to The Block’s HOOD price page.
Of the total acquisition, the Cathie Wood-led investment firm bought 96,048 Robinhood shares ($11.9 million) for its Ark Innovation ETF (ARKK) and 28,379 shares for its Ark Next Generation Internet ETF (ARKW).
Ark’s latest crypto-related stock rebalancing comes just over a week after it bought $7.5 million worth of Coinbase shares for ARKK on Dec. 2 as the firm continues to alter its fund weightings amid market volatility. It also acquired more Bullish and Robinhood shares that day.
Ark’s investment strategy aims to let no individual holding take up more than 10% of a fund’s portfolio. This is to maintain diversification within its funds — meaning Ark is likely to continue rebalancing its weightings if the value of Coinbase shares rises or falls significantly relative to Ark’s other holdings in its funds.
According to the firm’s disclosures, HOOD is currently the seventh-largest holding within its ARKK fund, with a weighting of 4.4%, worth around $351.6 million, as of Dec. 12, just behind Tempus AI. HOOD is also the seventh-largest holding in its ARKW fund after Coinbase, with a weighting of 4.7%, worth around $106.9 million.
Ark buys its own Bitcoin ETF
Ark also bought 13,700 shares of its own Bitcoin ETF, ARKB, on Thursday for its Ark Next Generation Internet and Ark Fintech Innovation funds, worth around $417,000 in total. ARKB closed down 0.8% on Dec. 11 and saw $16.4 million in total net outflows for the day as bitcoin’s price continued to whipsaw post-FOMC. The combined U.S. spot Bitcoin ETFs saw $77.5 million in net outflows on Thursday, according to data compiled by The Block.
Bitcoin is currently trading for around $92,522 on Friday, up 2.5% over the past 24 hours, per The Block’s BTC price page.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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