Ark Invest Purchases 124,427 Robinhood Shares as HOOD Drops 9.1%

Ark Invest acquired 124,427 Robinhood shares worth approximately $15.4 million across two of its ETFs on Thursday, following a 9.1% decline in the trading firm’s stock. The Block’s HOOD pricing data shows the majority of the purchase — 96,048 shares valued at $11.9 million — went to the Ark Innovation ETF (ARKK), while 28,379 shares were added to the Ark Next Generation Internet ETF (ARKW).

Strategic Rebalancing Amid Volatility

The latest crypto-related stock adjustment comes a little over a week after Ark bought $7.5 million in Coinbase shares for ARKK on Dec. 2. On the same day, the firm also added more Bullish and Robinhood stock. Ark’s approach is designed to ensure that no single asset exceeds 10% of any portfolio, forcing ongoing rebalancing whenever major holdings — such as Coinbase — fluctuate significantly in value.

Robinhood’s Growing Role in Ark’s Portfolios

As of Dec. 12, Robinhood is the seventh-largest asset in ARKK, accounting for 4.4% of the fund — roughly $351.6 million — just behind Tempus AI. It holds the same ranking in ARKW, where it represents 4.7% of the portfolio, valued at around $106.9 million.

Ark Adds Shares of Its Own Bitcoin ETF

Ark also purchased 13,700 shares of its own Bitcoin ETF, ARKB, across the Ark Next Generation Internet and Ark Fintech Innovation funds. The total value of the purchase was about $417,000. ARKB closed down 0.8% on Dec. 11 and recorded $16.4 million in net outflows that day as bitcoin remained volatile following the latest FOMC meeting. U.S. spot Bitcoin ETFs collectively saw $77.5 million in net outflows on Thursday.

Bitcoin Price Shows a Small Recovery

Bitcoin is trading around $92,522 on Friday, gaining 2.5% over the past 24 hours according to The Block’s BTC price data.