Ark Invest buys $39 million worth of Robinhood shares, offloads $6 million of its own spot bitcoin ETF
Ark Invest purchased $39 million in Robinhood shares despite the stock's 13.2% post-earnings decline, signaling contrarian confidence in the retail brokerage. Simultaneously, the firm reduced its Robinhood Bitcoin Mini Trust holdings by $6 million, rebalancing its crypto exposure. The move reflects shifting portfolio priorities as traditional equities appear undervalued while bitcoin positions consolidate after recent rallies affecting Indian crypto investors' sentiment.
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