ARK Invest buys ~$9.1M of Robinhood stock, largest purchase in six months

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.