ARK Next Generation Internet ETF Buys $34M of Robinhood, Sells $22M Airbnb Stake
ARK Next Generation Internet ETF sold 186,754 Airbnb shares worth $22.3 million and joined sister funds in buying 433,806 Robinhood shares valued at $33.9 million after Robinhood’s crypto revenue plunged 38% to $221 million. The ETF also added 280,138 Figma shares ($6.3M), 75,559 Circle Internet Group, 364,134 Bullish and 150,421 Shopify shares, while trimming Pinterest and Unity stakes.
1. Robinhood Investment
ARK Next Generation Internet ETF joined ARK funds in acquiring 433,806 Robinhood shares valued at $33.9 million, reflecting confidence in the stock after its crypto revenue fell 38% year-over-year to $221 million.
2. Airbnb Divestment
ARKW sold 186,754 Airbnb shares worth $22.3 million ahead of Airbnb’s quarterly earnings, reducing lodging exposure before an anticipated EPS of $0.66.
3. Additional Portfolio Moves
Beyond these trades, the ETF added 280,138 Figma shares ($6.3 million), 75,559 Circle Internet Group shares, 364,134 Bullish shares and 150,421 Shopify shares, while trimming 413,038 Pinterest and 486,741 Unity shares to recalibrate Internet and software holdings.