Ark Invest Increases Robinhood Position
ARK Invest bought around 553,892 Robinhood shares across its three ETFs: ARKK, ARKW, and ARKF. This move came after a sharp drop in Robinhood’s stock price. Despite weak quarterly results, Ark appears to see long-term value in the company.
Robinhood remains a key holding in Ark’s funds. It ranks among the top positions across multiple portfolios, though its weight stays below the firm’s 10% limit per asset.
Sale of Bitcoin ETF Holdings
At the same time, Ark reduced its exposure to the Ark 21Shares Bitcoin ETF. The firm sold 243,147 shares from its ARKW and ARKF funds. This decision aligns with Ark’s strategy of rebalancing portfolios when asset values shift.
Robinhood Stock Drops After Earnings
Robinhood shares fell 13.2%, closing at $71.20 after disappointing first-quarter earnings. The company reported a sharp decline in crypto trading activity. Revenue and trading volume dropped nearly 50%, continuing a trend that began in late 2025.
However, the company still posted a net income of $346 million. This marks a 3% increase compared to the same period last year.
Bitcoin ETF Outflows Continue
The Ark 21Shares Bitcoin ETF saw net outflows of $30 million on the same day. Overall, U.S. spot Bitcoin ETFs recorded $137.8 million in outflows. BlackRock’s IBIT led the losses with $54.7 million in withdrawals.
Despite this, Ark’s Bitcoin ETF still holds about $2.4 billion in net assets. It has attracted $1.58 billion in cumulative inflows so far.
