Ark Invest Buys $39M in Robinhood Stock, Sells $6M Bitcoin ETF Holdings

Ark Invest has increased its exposure to equities by purchasing $39.4 million worth of Robinhood Markets shares, while simultaneously reducing its position in its spot Bitcoin ETF by $6.1 million.

Robinhood Stock Purchase Follows Sharp Price Decline

The firm acquired 553,892 Robinhood shares across its ARKK, ARKW, and ARKF funds. The move came after Robinhood’s stock dropped 13.2% to $71.20 following weaker-than-expected first-quarter earnings. The company reported a roughly 50% decline in crypto trading volumes and revenues, continuing a downward trend from late 2025. Despite this, Robinhood posted net income of $346 million, up 3% year-on-year.

Ark Adjusts Portfolio Weightings Across ETFs

Ark Invest routinely rebalances its portfolios to maintain diversification, ensuring no single holding exceeds 10%. Robinhood remains a top holding across its funds, though still below leading positions such as Tesla, AMD, and Shopify.

Bitcoin ETF Sale Comes Amid Broader Outflows

Alongside equity purchases, Ark sold 243,147 shares of its Ark 21Shares Bitcoin ETF. The ETF experienced $30 million in net outflows on the same day, contributing to total outflows of $137.8 million across US spot Bitcoin ETFs. BlackRock’s IBIT led the decline with $54.7 million in outflows.

Market Context and Bitcoin Price Movement

Bitcoin traded near $76,000, down around 1.3% over 24 hours. Ark’s portfolio shift highlights a tactical move toward equities while trimming crypto exposure amid softer market conditions.