Ark Invest Buys $15.4M in Robinhood Shares Amid Market Drop

Ark Invest made another bold move in the crypto market this week, adding $15.4 million worth of Robinhood’s shares to its portfolio.

This purchase came as the trading platform’s stock faced a sharp downturn. This move shows the firm is still following its strategy of adjusting its portfolios when the digital market becomes unstable.

Ark Invest Boosts Robinhood Bet Amid Market Dip

On December 11, on-chain data showed that Ark Invest bought 124,427 Robinhood shares worth about $15.4 million. The company purchased on a day when Robinhood’s stock dropped 9.1%, giving Ark a chance to buy at a lower price

The majority of the shares, totaling 96,048, were added to the Ark Innovation ETF (ARKK). The remaining shares were placed in the Ark Next Generation Internet ETF (ARKW). 

The size of the purchase shows Ark still believes in Robinhood’s long-term potential, despite short-term pressure. It also continues a pattern of similar buys in recent weeks.

Just over a week earlier, the Cathie Wood-led company bought $7.5 million worth of Coinbase shares for its ARKK fund. It also increased its holdings in Bullish and Robinhood on that same day. 

Ark Shows Confidence in Robinhood and ARKB Despite ETF Outflows

Recent disclosures show that Robinhood remains one of Ark’s top holdings. In the ARKK fund, it is the seventh-largest position, with a weighting of 4.4% valued at roughly $351.6 million. 

It holds the same rank in the ARKW fund, where its 4.7% weighting is worth about $106.9 million. These numbers highlight the level of trust Ark continues to place in Robinhood’s growth outlook. 

In addition to buying more Robinhood shares, Ark also added 13,700 shares of its own Bitcoin ETF, ARKB. These shares were added to the Ark Next Generation Internet and Ark Fintech Innovation funds, together worth about $417,000.

The purchase came on a day when ARKB closed 0.8% lower and recorded $16.4 million in net outflows. This reflects the broader pullback seen across all U.S. spot Bitcoin ETFs. The investment funds recently faced $77.5 million in net outflows. 

Despite this, Bitcoin (BTC) itself climbed 2.34% over the past 24 hours, currently trading near $92,386, according to CoinMarketCap data.

Ark Invest Maintains Balance Through Active Rebalancing Strategy

Ark’s steady share purchases follow its usual pattern of adjusting fund weights whenever crypto prices move. The firm’s strategy depends on keeping its funds balanced, even when digital markets swing sharply.

Ark also follows a strict rule that no single stock can make up more than 10% of a fund, which forces it to rebalance often, especially when a major stock rises or falls fast.

By keeping its positions in check, Ark Invest aims to protect investors from the risks of sudden market changes.