Ark Invest Raises Robinhood Stake $21.3M, Shares Surge 6%

Published: 2025-10-24 13:08:17 |

Ark Invest has raised its Robinhood stake by $21.3M through the ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), buying 131,049 and 36,440 shares respectively. This move lifted Robinhood to about 19% of each fund’s portfolio and drove its shares up 5.6% intraday and 6% in pre-market trading. The purchase underscores Ark Invest’s bullish outlook on Robinhood’s crypto expansion, including the acquisitions of WonderFi and Bitstamp, the launch of BNB trading, and development of an Arbitrum-based layer-2 blockchain. Ark has also filed for a Bitcoin Yield ETF and two downside-protected ARK DIET Bitcoin ETFs, while maintaining major positions in Coinbase, Bullish, and BitMine.

Bullish

Ark Invest’s $21.3M purchase of Robinhood shares and its growing crypto ETF filings highlight strong confidence in Robinhood’s expansion into cryptocurrency services. The immediate 6% share jump reflects positive trader sentiment, while Robinhood’s acquisitions of WonderFi and Bitstamp, plus new BNB trading and an Arbitrum-based layer-2, point to long-term growth potential in the crypto market. Ark’s continued bets on Bitcoin Yield and ARK DIET Bitcoin ETFs further reinforce a bullish outlook for both Robinhood and broader crypto assets.