Robinhood Stock Surges 5.86% on Ark Invest’s $21M Bet and Crypto Expansion

Robinhood Markets Inc. (HOOD) jumped 5.86% to $134.68 after Ark Invest acquired $21.3 million worth of shares, signaling strong institutional confidence in the trading platform's crypto ambitions. The purchase was split between Ark's Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW), with Robinhood now representing nearly 19% of each fund's assets.

The rally reflects growing market Optimism around Robinhood's aggressive moves in digital assets, including recent blockchain infrastructure investments and Layer 2 solutions. Ark Invest's continued portfolio rebalancing toward crypto-linked equities underscores the sector's maturation.

Robinhood's acquisition strategy in crypto services appears to be paying dividends, with the platform cementing its position as a bridge between traditional finance and digital assets. The stock's performance suggests investors are rewarding companies that successfully integrate blockchain technology into mainstream financial services.