Cathie Wood’s Ark grabs $80M Robinhood shares after crypto led cost dip By Cointelegraph

Ark Invest, the financial investment management company concentrated on ingenious innovation led by Cathie Wood, benefited from a cost dip on Wednesday to purchase almost $80 million worth of Robinhood (NASDAQ:) stock.

Per daily trading information, Wood’s Ark acquired an overall of 2.24 million shares of Robinhood throughout 3 of Ark’s ETF funds, with most of shares going to the flagship fund Ark Innovation ETF. Robinhood now represents 1.33% of the Innovation exchange-traded fund (ETF).