Ark Invest buys $39.4M in Robinhood shares, cuts $6.1M from its Bitcoin ETF holdings.

Ark Invest has purchased about $39.4 million worth of Robinhood Markets shares, spreading the acquisition across three of its ETFs: Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF). Meanwhile, the firm reduced its investment in its Bitcoin ETF by $6.1 million. This move signals Ark Invest's strategic shift towards increasing exposure in Robinhood while trimming its Bitcoin-related assets, reflecting changing priorities or market outlooks.