Ark Invest Adds $12.06M Robinhood Shares, Raises ARKK Weight to 4.18%
Ark Invest bought 158,587 Robinhood shares across ARKK, ARKW and ARKF ETFs valued at $12.06 million, lifting HOOD to a 4.18% weight in ARKK. The firm acquired $4.09 million of Coinbase shares while trimming Roku, Pinterest and TSMC positions during a broader crypto selloff.
1. Ark Invest Buys Robinhood Shares
Ark Invest purchased 158,587 Robinhood shares across its Innovation, Next Generation Internet and Fintech Innovation ETFs on March 3, investing approximately $12.06 million.
2. Portfolio Rebalancing Moves
In the same rebalancing, the firm acquired 22,452 Coinbase shares valued at $4.09 million and added stakes in Alibaba, Tesla, Roblox, Shopify, Amazon and DraftKings, while trimming exposure to Roku, Pinterest and Taiwan Semiconductor Manufacturing.
3. Crypto Market Context
These moves reflect Ark’s continued conviction in crypto-adjacent equities despite recent market pressure that pushed crypto stocks lower, signaling a buy-the-dip strategy as volatility persists in the sector.