Ark Invest Doubles Down on Robinhood with $14M Share Purchase, Boosting ETF Position

Ark Invest has significantly increased its exposure to Robinhood Markets, purchasing $14.2 million worth of shares this week. The 123,336-share acquisition raises Robinhood's weighting in the ARK Innovation ETF to 4.09%, following a $9 million investment just days prior.

Robinhood's expanding crypto offerings—including the Bitstamp acquisition and USDG stablecoin launch—align with Ark's disruptive innovation thesis. The trading platform's user base grew to 26.5 million in July, with cryptocurrency revenue streams becoming increasingly material.

Cathie Wood's firm continues betting on fintech disruptors, with Robinhood emerging as a Core holding. The consecutive investments suggest conviction in the platform's ability to capitalize on retail trading and digital asset adoption trends.