ARK Invest Ditches $6 Million in Crypto ETFs For $39 Million HOOD Shares After Shaky Robinhood Earnings
ARK Invest spent about $39.4 million on Robinhood Markets (HOOD) shares on April 29 while selling roughly $6.1 million of its own ARK 21Shares Bitcoin ETF (ARKB), using the brokerage’s post-earnings slide to add to a long-running position. The trades, disclosed in ARK’s daily filings, split across the firm’s three [...]
