TREE NEWS reports: ARK Invest bought about $9.1 million of Robinhood stock on Wednesday, its largest purchase of the shares since April 29. The move follows an early-October sale by the firm of roughly $47.5 million of Robinhood stock between Oct. 6 and Oct. 9, when the shares closed between $107 and $112. The purchase came after Robinhood’s third-quarter earnings, which showed crypto trading revenue down 55% year-over-year to $120 million and crypto trading volume down 38% to $50 billion.
ARK Invest buys ~$9.1M of Robinhood stock, largest purchase in six months
AI take
The timing is the story: ARK is rebuilding a Robinhood position it trimmed earlier in October, and doing so after a quarter that showed crypto activity cooling sharply. That suggests conviction in the broader franchise rather than in crypto trading momentum, since the purchase follows rather than precedes the weak print. For readers tracking the RWA and crypto-equity overlap, Robinhood's crypto revenue line is now a clearer swing factor in how active managers treat the stock. Whether ARK keeps adding at these levels, or treats this as a one-off rebalance, is the open question.
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